The festive season begins with a bullish tone in gold

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(Gujarat News Office) MUMBAI: Gold prices rose in the Mumbai jewelery market today ahead of Navratri. World market news, however, showed a sell-off. However, import prices of precious metals remained high as the dollar rebounded against the rupee in the domestic currency market today, market sources said. The dollar rose to close at Rs 5 today. The rise in the dollar index in the global market and the rise in bond and treasury yields also saw the sale of higher funds in gold in the global market.

Gold prices in the world market ranged from ૭૫૮ 15 to ૭૫૯ 16 an ounce to ૭૬૬ 12 to ૭૫૭ 12 an ounce. Global silver prices were reported at 7.5 to ૫૩ 7.5, up from ૫૯ 7.5 to ૬ 7.50 and 4.5 to ૩૯ 7.5.

Meanwhile, in the Ahmedabad jewelery market today, before Navratri, gold prices rose by Rs 150 per 10 grams to Rs 3,150 at Rs 2.50 and Rs 30 at Rs 4.50. Ahmedabad silver price was Rs 5,000 per kg. Meanwhile, with the completion of Shraddha Paksha, market experts were hoping that the demand for festivals would increase again.

Platinum prices in the world market ranged from ૯૫૮ 5 to ના 6 an ounce to ૯૬૭ 20 to થી 21 an ounce, while palladium prices ranged from ૯૨૬ 15 to જોકે 16 an ounce, although Gabdi was at ૮૮૩ 15 to ૮૮૪ 17. Copper prices in the world market fell by about half a per cent today and the impact was also seen on global silver prices.

The rise in global crude oil prices and a sharp one-and-a-half per cent fall in prices today has had an impact on global gold prices. The American Petroleum Institute said that the stock of crude oil in the United States has increased by 6 lakh 21 thousand barrels. There was also news of increase in the stock of gasoline.

Meanwhile, in the Mumbai market today, gold was trading at Rs 5, excluding GST, at Rs 6.50, while it was trading at Rs 4.50, excluding GST. While prices with GST were 5 per cent higher. Meanwhile, Mumbai silver prices were at Rs 3055 today, excluding GST, while prices with GST were three per cent higher.

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