Saudi Arabia retreats as crude oil prices fall

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(Gujarat News Office) MUMBAI: Gold and silver prices rose sharply in the Mumbai jewelery market today. World market news was showing a softening with higher prices. As the global dollar index rebounded and rebounded, global markets witnessed a sell-off in gold today. Gold prices in the world market were at ૮૨૭ 16 to ના 17 an ounce today.

Global silver was trading at ૭ 2.50 an ounce, up from ૭ 4.31 an ounce today. The fall in crude oil prices by about half a per cent in world markets today also had a negative impact on global gold prices. With stock markets in Europe and Japan hitting record highs and Japan's index peaking at 31-year highs, global gold is on a cautious note today.

Global copper prices today fell 0.50 per cent to 0.5 per cent, which had an impact on global silver prices, market sources said. The possibility of the government continuing to buy bonds in the United States came as disappointing job growth figures were being discussed in world markets today.

Crude oil prices fell below ્યો 6 a barrel in New York this evening, hitting 6.5. Brent crude was down at ૪૬ 4.5. Crude prices were seen under pressure amid fears of declining demand for crude as the global delta virus outbreak continues.

The indications that Saudi Arabia has reduced crude prices for Asia also had an impact on world markets. Saudi Arabia was reported to have cut crude prices for Asia by about a dollar for October.

Meanwhile, in the Ahmedabad jewelery market, silver prices were hitting a high of Rs 3,000 per kg today, while Ahmedabad gold prices fell by Rs 100 per 10 grams to Rs 800 from Rs 2.50 and Rs 3,100 from Rs 4.50. Platinum prices in the world market today fell from ૨૬ 105 to ૨૭ 105 per ounce to ૨૩ 105 to ૨૪ 105 per ounce.

Palladium prices were reported at થી 60 to ૨૪૨ 21 an ounce, down from ૬ 215 to ૭ 215 an ounce. In the Mumbai jewelery market, gold today was trading at Rs 8, excluding GST, at Rs 8, which is Rs 8. While the price of 3.50 was closing at Rs. Prices including GST were 3 per cent higher than this.

Meanwhile. Mumbai silver prices closed at Rs 5, excluding GST, at Rs 305, up from Rs 7.50 today. While the price with GST was 3% higher than the price. Copper prices were 0.50 to 0.2 per cent softer in global markets today, while its Acer was trading on global silver.


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