Gold prices jumped to close at Rs 49,000

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Break the rise in crude oil and digest the high digestion

(Gujarat News Office) MUMBAI: Gold and silver prices rose in the Mumbai jewelery market today. In the currency market, the dollar continued to appreciate against the rupee, pushing up the import cost in the jewelery market, leading to a festive atmosphere with rising prices in the jewelery market, with less sellers and more buyers. World market news was also encouraging.

Gold prices in the world market today rose from ૭૫૪ 15 to ૭૫૫ 17 an ounce to ૭૫૯ 15 to 120 an ounce. The record-breaking rise in crude oil was seen as a break-even hit. Silver was trading at ૫૩ 4.5 to ૫૪ 7.5 an ounce in global trade today.

In the Mumbai jewelery market, gold excluding GST today closed at Rs 315 per 10 grams at Rs 2.15 and at Rs 8.30 per gram. Meanwhile, silver prices in the Mumbai market today closed at Rs 417 per kg excluding GST. Meanwhile, gold in Ahmedabad jewelery market rose by Rs 200 to Rs 200 from Rs 4.50 and Rs 200 from Rs 4.50 today, while Ahmedabad silver remained quiet at Rs 200.

Platinum, meanwhile, was trading at ૬ 1,015 to ૭ 1,015 an ounce in the global market today, while palladium was down ૨ 2,111 to ૨ 2,115 an ounce.

Crude oil prices in the world market were calm today on the back of rising. New York crude was trading at ૫૫ 70.8 to ૬ 70.50 a barrel and Brent crude was trading at ૭ 4.50 to ૭૫ 7.5 an ounce. The rally came to a halt today after crude oil continued to rise for the past four days.

Natural gas prices were seen bouncing in the world market. Experts were predicting that global demand for crude oil would increase from 2.5 lakh to 7.5 lakh barrels per day if the use of crude oil instead of natural gas in power generation increases and if this happens, crude oil prices are likely to rebound.

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