Gold price jumps closer to Rs 50,000: Crude crosses 86 86

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(Gujarat News Office) MUMBAI: The Mumbai jewelery market rallied today. World market news was encouraging. World gold prices rebounded to ૮ 1,200 an ounce. In Ahmedabad, gold prices rose to close to Rs 30,000 per 10 grams. While crude oil crossed 7.

The rising cost of precious metals has risen as global markets rebounded and the dollar rose against the rupee in the domestic currency market. Ahmedabad gold price was quoted at Rs 500, Rs 2.50 per kg and Rs 500 per kg today, while Ahmedabad silver price was quoted at Rs 1,000 per kg, up by Rs 1,000 today.

Gold prices in the world market rose by ૭૯૨ 15 to ઔ 17 an ounce and were quoted at ૨ 1,308 to ૩ 1,305 today. Gold prices rebounded amid rising global inflation, rising crude oil prices and a resurgence of corona cases in various parts of the world. Fundraising increased.

Silver was trading at ૩૨ 4.5 to ૪૬ 7.5 an ounce in global trade today. Platinum was trading at ૪૩ 105 to ૪૪ 105 to ૪૯ 103 to ૫ 1030, while palladium was reported to be trading at ૨ 203 to ૪ 2050 an ounce today.

Meanwhile, crude oil prices rose more than one and a half per cent in world markets today. American crude rose to a five-year high. Brent crude traded higher at ૮૬ 2.81 a barrel, up from 3 a barrel today. New York's main contract, light sweet crude, crossed the 8 mark and touched લર 4.05.

Crude oil is currently facing short supply against global demand. According to Goldman Sachs, crude oil prices are likely to rise to ડો 70 a barrel.

Bulls have increased their position in the global crude futures market. Meanwhile, copper prices rose 0.5 to 0.50 per cent today. In the Mumbai market today, gold was trading at Rs 5, excluding GST, at Rs 8.50, Rs 8, Rs 9.30, Rs 8.30 and silver, at Rs 500, was at Rs 4, Rs 8. Precious metals, including GST, were up 5 per cent.


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