Global gold rises again to 18 1800

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(Gujarat News Office) MUMBAI: The bullion market in the Mumbai jewelery market was officially closed today due to Saturday. However, gold and silver prices rose further in the closed market today, market sources said. There was news of world market growth. Now the eyes of market players, however, are on the US Federal Reserve meeting to be held next week. Meanwhile, in the Mumbai market today, gold was trading at Rs 80 per 10 grams, excluding GST, at Rs 815, while the price of 7.50 was trading at Rs 305 per 20 grams.

Mumbai silver was trading at Rs 200 per kg excluding GST at Rs 200 today, while prices with GST were three per cent higher. Meanwhile, in the Ahmedabad jewelery market, gold prices rose by Rs 200 to Rs 200 from Rs 4.50 and Rs 200 from Rs 3.50, while Ahmedabad silver prices jumped by Rs 200 to Rs 200 today.

Meanwhile, world gold prices rose to ૮ 1,300 an ounce after hitting ૭૯૪ 12-14 an ounce and were reported to be hovering between ૨ 1,308 and ૩ 1,305 over the weekend.

Behind gold, global silver also traded lower at ૨૫ 6.15 an ounce from ૨૫ 6.15 an ounce and last traded at ૭ 6.15 an ounce. In the Mumbai currency market, the dollar was trading at around Rs 8.30 against the dollar in the previous session.

Platinum, meanwhile, traded at ૭૬ 105 to ૭૭ 105 an ounce in the world market, but fell to ૬૩ 105 to ૬૩ 105 an ounce. While the price of palladium rose from ૨૭૨૬ 6 to ૨૭૨૭ 8 an ounce, the fast-moving rebound fell below ૨૭ 500 to ૨૬૭૩ 6 to ૨૬૭૭ 7 over the weekend.

Crude oil prices rose again in the world market. The possibility of growth in demand by crude oil-producing countries outpacing production growth in August was discussed in the world market.

New York's main contract, light sweet crude for delivery in New York, traded lower at ૭ 61.8 to ૮ 71.50 a barrel and last traded at ૭૨ 8.05 to ૭૨ 8.05, while Brent crude, which had fallen to ૭૩ 7.5 a barrel, surpassed ૭૪ 3 over the weekend and rose to ૯ 2.05 to 8. There was news of ૧૦ 10.

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