Gold surpasses 18 1800 in world markets

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MUMBAI: Gold and silver prices rose in the Mumbai jewelery market today. World gold prices rose to ૮ 1,200 an ounce today.

The rise in world prices pushed up domestic import costs and slowed down new sales in the jewelery market. Demand, however, remained limited. The decline in the dollar index in world markets today was an indication of a rise in fund-raising in gold. Gold prices in the world market today jumped from ૭૮ 151 to ના 15 an ounce to ૩ 1,307 to ૪ 1,305.

In the Mumbai market, gold rose by Rs 31 to Rs 3,050 per 10 grams, excluding GST, while it was quoted at Rs 811, up by Rs 30 per gram, while the price with GST was three per cent higher.

Mumbai silver prices were quoted at Rs 305 per kg today, excluding GST, and prices with GST were three per cent higher. Silver also rose by લર 4.05 to ૩ 8.05 an ounce in the global market today. Meanwhile, Ahmedabad Jewelery Bazaar was closed today.

In the world market today, the price of platinum rose by ૯૯૭ 6 to ઔ 8 an ounce from ૮ 1012 to ૯ 1,015, while the price of palladium rose by ૨૨૭૬ 3 to ૨૨૭૭ 4 an ounce and jumped by ૨૩ 500 to ૨૩૩ 6 to ૨૩૩૫ 7.

The rise in copper prices in the global market today was seen as a positive impact on the global silver market, while the rise in crude oil prices in the global market today saw a positive impact on gold prices. Demand for crude oil hit a low in global markets today. New York's main contract, light sweet crude for delivery in New York, rose to 2.15 a barrel and Brent crude to 4.5 a barrel.


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