Gold jumps above Rs 49,000: Silver rises by Rs 1,000

(Gujarat News Office) MUMBAI: The bullion market was officially closed in the Mumbai jewelery market on Saturday. However, the closed market saw a sharp rise in gold-silver prices behind the world market, market sources said. Gold prices in the world market jumped from ૮૨ 150 to ૮૨૫ 16 an ounce to ૮૩૩ 16 to ૮૩૪ 16 to ૮૨૭ 16 an ounce. According to world market analysts, the global dollar index fell on disappointing job growth in the US, while global gold prices rebounded on rising demand for funds in gold.

In the US, the June job growth was expected to be 1.1 million in June and 3.0 million in July, but in August, the job growth was expected to be 3.2 million, but in fact, the players were stunned when the job growth in August was only 2.3 million.

In the United States, there has been talk of declining job growth due to the outbreak of deltavirus, and in such an environment, the possibility of a further reduction in bond buying by the government there is likely to be delayed. In such an environment, the dollar index has fallen against various currencies as gold prices have risen in the world market.

Behind the global market, the dollar also fell below Rs 5 against the rupee in the closed market today. Currency market sources said that the talks were held between 8.30 am and 7.5 am.

Silver, platinum and palladium have also seen a surge in gold prices in the global market. Even as domestic markets rose, prices were higher today.

In the Mumbai market today, the gold price of 10 grams excluding GST is Rs 2.50. 203 with a bouncing Rs. Were living. While the price of Rs. 2 with Rs. 3 while prices with GST were three per cent higher than this.

Mumbai silver price today at Rs. 4 to Rs. From 2030 to 2100, prices including GST were three per cent higher than this. Silver price in Ahmedabad market today at Rs. 1000 bounced Rs. 7 thousand was quoted while Ahmedabad gold price today was Rs. 500 increased to Rs. 3000 and Rs. 200 were spoken.

Meanwhile, global platinum prices rose from ૫ 1008 to ૦૧ 1,010 an ounce over the weekend, from ૨૮ 105 to ૨ 1,050 to ૨૭ 105, while palladium prices rose from ૨૪ 500 to ૨૪ 210 an ounce, from ૨૪૨૬ 6 to ૨૪૨૭ 8 to થી 90 to ૨૪૨ 21. Copper prices were last up 0.50 per cent in global markets.

The rise in the dollar has had a positive effect on global silver prices. Meanwhile, crude oil prices in the world market hit a high over the weekend. Prices were again under pressure amid fears of declining crude oil demand as the Delta virus outbreak in various countries around the world continues.

New York's main contract, light sweet crude for delivery in New York, fell by 20.5 a barrel to ૨૩ 6.5 a barrel over the weekend, while Brent crude fell from ૬ 7.50 a barrel to ૫૫ 6.51 a barrel.

News of a record rise in global investment in Chinese currency yuan bonds was received over the weekend as the dollar weakened in world markets.