Gold-silver rivals wait behind the world market

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MUMBAI: Gold prices rose in the Mumbai jewelery market today. While silver prices remained soft. Gold prices in the world market were reported to have risen from ૭૮૭ 15 to ૭૮૮ 12 an ounce to ૭૮૯ 15 to ૭૯ 120 an ounce. Amid the possibility of higher inflation in the US, the price of gold in the world market digested the price again today.

In the Mumbai jewelery market, gold today closed at Rs 61, up from Rs 30 per 10 grams, excluding GST, while it closed at Rs 305, up from Rs 305 per ounce.

Mumbai silver prices closed at Rs 5 per kg today, excluding GST. Silver was quoted at વિશ્વ 4.5 to ૭ 6.5 an ounce, up from ૭૪ 4.5 to ૭ 6.5 an ounce in world trade today. Crude oil prices were seen rising today.

Crude oil prices rose to ૩ 70.70 a barrel in New York, from ર્ક 50 a barrel in the previous session, and ન્ટ 4.50 to ૩૫ 7.5 a barrel in Brentcard.

Short supply was seen in American crude. With the number of oil rigs in the US rising, experts were predicting a resurgence in crude production.


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