Crude oil jumped to 75 75

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(Gujarat News Office) MUMBAI: Gold and silver prices rose sharply today in the Mumbai jewelery market on the back of a rebound. World market news was encouraging. The rise in the dollar and the depreciation of the rupee in the domestic currency market also had an impact on the jewelery market.

Import cost was high. World gold prices were at ૭૭ 121 to ૭૭૪ 15 an ounce today, while global silver prices rose by ૬ 2.31 to ૬૨ 4.5 an ounce and were trading at ૭૫ 4.5 to ૭૬ 7.5 an ounce.

Jewelry markets were also up today in the backyard of the world market. Ahmedabad gold price rose by Rs 200 per 10 grams to Rs 900 at Rs 2.50 and Rs 300 at Rs 4.50. While Ahmedabad silver price rose by Rs 200 per kg to Rs 200.

World market players were keeping an eye on the US Federal Reserve meeting. And the meeting was about what indications are given about bond buying and interest rates. The rise in crude oil prices by about 1.5 per cent in the global market today also had a positive effect on global gold prices.

The US Petroleum Institute said crude oil stocks fell by 2.1 million barrels. There was also news that the stock of gasoline had declined by 3 lakh 4 thousand barrels. New York's main contract, light sweet crude for delivery in New York, traded higher at ૭ 61.81 a barrel and Brent crude traded at ૭૫ 6.5 a barrel.

Meanwhile, gold prices in the Mumbai jewelery market today closed at Rs 5, excluding GST, from Rs 4.50 to Rs 4. While the price of 8.50 was close to Rs. Mumbai silver price today closed at Rs 305, excluding GST at Rs 30,400 per kg.

Platinum prices in the world market today jumped from ૯૩૮ 6 to 6 an ounce to થી 21 to 5 an ounce. While the price of palladium has gone up from ૯૨૯ 15 to ૯૩ 150, today it was reported to be ૯૯૨ 15 to 17. Global copper prices were expected to rise by 6.50 per cent to 6.50 per cent this evening.

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