The price of gold rose sharply

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(Gujarat News Office) MUMBAI: Gold prices rebounded in the jewelery market today, hitting a low. Gold prices in the world market jumped to the level of 150 an ounce. In a global slump, the dollar index fell on rising prices and bond and treasury yields also retreated.

Corona's new delta virus outbreak in various parts of the world has also led to a resurgence of gold, world market experts said. Gold prices in the world market rose from 120 to 12 an ounce in the late evening to ૭૪૬ 16 to 17 dollars. Global silver prices rose as high as 4.5 to ૬ 2.50 an ounce, indicating a high of ૨૬ 6.5 to ૨૭ 7.5 today. Sources in the world market said that there is a boom but it does not last.

Meanwhile, the number of jobless claims in the US has come down from 3 lakh 6 thousand to 3 lakh 5 thousand, according to the data released late this evening.

As the figures, which showed a resurgence in the job market, came out, there was talk in the market that gold was set to resell in the world market late this evening. At home, gold prices rose by Rs 200 per 10 grams to Rs 3,100 at Rs 2.50 and Rs 200 at Rs 3.50 in Ahmedabad Jewelery Bazaar today. While Ahmedabad silver price was trading at Rs 2,000 per kg today.

In the world market, the price of platinum rose from ૨૫ 105 to ૨૬ 105 an ounce and today it was reported to be from à«­ 1012 to à«® 1015. Palladium, on the other hand, was trading at ૨૬૩૨ 4 to વાળા 5, up from ૨૬૫૯ 5 to ૨૬૬ 20. There was also talk in the world market that the strike in the Chilean mines would support the market on the back of a fall in global silver today following the rise in copper in the world market.

The rise in crude oil prices in the world market today led to a decline of about half a per cent and its effect was also seen on the price of gold. New York's main contract, light sweet crude for delivery in New York, fell to 6.5 a barrel and Brent crude fell to 61.15 a barrel this evening. News that the US government has asked OPEC's crude-producing countries to increase production had a negative impact on crude oil prices today.

Meanwhile, in the Mumbai jewelery market, gold prices today closed at Rs 310, excluding GST, at Rs 915, up from Rs 210 to Rs 5, while at Rs 2.50, it closed at Rs 5, Rs 8 and Rs 41, excluding GST. Prices were three per cent higher. Meanwhile, the price of Mumbai silver closed at Rs 205, excluding GST, at Rs 205, while the price with GST was three per cent higher than this.

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