Gold prices plummeted

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(Gujarat News Office) MUMBAI: Gold and silver prices rose sharply in the Mumbai jewelery market today. However, world market news was showing a sell-off. However, gold and silver prices, which had earlier opened higher, fell in the afternoon on the back of a sharp fall in global markets and a weakening dollar against the rupee in the currency market.

Gold prices in the world market fell from ૩ 1,305 to ૪ 1,305 an ounce, from ૭ 1,305 to ૮ 1,305 an ounce, before falling below ૮ 1,200 and were trading at ૭૯૪ 15 to આજે 12 today. The rise in global dollar gold and bond and treasury yields on the back of rising global wholesale data on rising unemployment claims in the US led to a rally in global gold today.

In the Mumbai jewelery market, gold prices today closed at Rs 319 after opening at Rs 20 with a price of Rs 2.50 per 10 grams excluding GST. While the price of 7.50 at Rs 30 today closed at Rs 305 after opening Rs. While prices with GST were three per cent higher than this. Meanwhile, Mumbai silver prices closed at Rs 305 today after opening at Rs 5 per kg excluding GST. While prices with GST were three per cent higher than this. Silver also rose to ૨૫ 6.11 an ounce from ૧ 6.11 an ounce in the previous session and traded at ૩૯ 4.5 to ૪ 8.50 an ounce.

In the Ahmedabad jewelery market, gold prices rose by Rs 100 to Rs 3,100 from Rs 2.50 and Rs 200 from Rs 4.50, while Ahmedabad silver rose by Rs 200 to Rs 300 today. Platinum prices in the world market rose from ૮ 1031 to ૮૨ 105 per ounce to ૯૬ 103 to ૯૭ 105 and were at ૭૬ 103 to ૭૭ 105 today. Palladium prices rose by ૨૬૬૭ 5 to ૨૬૬૮ 6 an ounce to ડો 500 an ounce, indicating that the price was hovering around ૨૭૨૬ 5 to 8.

According to market analysts, copper prices rose by 0.50 per cent in global markets today, followed by a fall in global silver prices. The impact of higher crude oil prices on the world market was seen as a positive headline on gold prices. New York's main contract, light sweet crude for delivery in New York, was trading at ૭ 61.8 a barrel this evening, while Brent crude was trading at 4.5 a barrel.

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