Gold rose to Rs 50,000 and silver to Rs. 71,000

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(Gujarat News Office) MUMBAI: Both the precious metals rallied in the Mumbai jewelery market today. As domestic prices rose further, domestic import costs rose, leading to a slowdown in new sales due to rising prices in the jewelery market. However, new demand was also scattered today. Gold prices rose to a four-week high in world markets today.

Inflation has risen in America. However, there were reports that the Federal Reserve Chairman had indicated that bond buying would continue and that interest rates would not be raised anytime soon.

Gold prices in the world market today were at an all-time high of ૮૨૪ 16 to ૮૨૩ 16 an ounce. Global silver prices ranged from ૨૩ 4.5 to ૨૪ 7.5 an ounce.

In the Ahmedabad jewelery market, gold prices rose by Rs 3 per 10 grams to Rs 200 from Rs 4.50 and Rs 30,000 from Rs 3.50, while Ahmedabad silver prices rose by Rs 200 per kg to Rs 21,000 today.

Meanwhile, platinum was trading at ૩૩ 115 to ૩૪ 115 an ounce in the global market today, while palladium was trading at a high of થી 20 to ૨૮૩ 31 an ounce, falling below ૨૮ 500 to ૨૭૭૫ 6 to ૨૭૭૬ 8 today.

There was news of a slowdown in economic growth in China. Global gold analysts said that the rise in global gold was limited by the fall in crude oil prices by about 1.5 per cent today.

After opening at Rs 7.5 this morning, the dollar touched a low of Rs 4.5 and a high of Rs 4.5. At the end of the day, the closing price was Rs 4.5.

There were reports that such differences had now been resolved after a recent spat between the crude-producing countries and an agreement was reached between Saudi Arabia and the United Arab Emirates. Experts were pointing out that this would increase production by the producing countries.

New York's main contract, light sweet crude for delivery in New York, traded at ૦૦ 4.00 to ૫ 8.05 a barrel and Brent crude traded at ૬૫ 4.5 to ૭ 7.50 a barrel. In the US, crude oil stocks have declined, while gasoline and diesel stocks have risen.

Talks between Iran and the United States were set to move forward in mid-August, leading to further delays in the growth of Iran's crude oil supply to world markets, analysts said today.

Meanwhile, in the Mumbai jewelery market, gold prices rose by Rs 2.50 per liter, excluding GST, to Rs 30, Rs 30 and Rs 8.30 per kg, closing at Rs 5 to Rs 6, excluding GST, while prices with GST were three per cent higher. Were living. Meanwhile, Mumbai silver prices closed at Rs 515, excluding GST, from Rs 4,150 to Rs 5 today, while prices with GST were three per cent higher.

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