Silver prices plummeted: Crude prices plunged 3%

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(Gujarat News Office) MUMBAI: The bullion market was officially closed in the Mumbai jewelery market today amid a bank holiday. In the closed market, gold prices remained firm while silver prices declined. European stocks plunged in Europe as the Corona case escalated in Austria and there was talk of a lockdown in Germany as well.

Crude oil prices in the world market today fell by 3.5 to 3.5 per cent as corona cases rose again globally. Indications that various countries would pour crude oil into the market from government quantities also had an impact on the market. Meanwhile, gold prices in the world market rose from ૮૬૬ 16 to ૮૬૭ 16 an ounce to ૮૫૭ 16 to ૮૫૮ 12 an ounce this evening.

Global silver prices were down ૫ 4.05 to ૫ 8.05 an ounce today, from ૭૪ 4.5 to ૭૫ 7.5 an ounce. At home, silver fell by Rs 500 to Rs 2,000 per kg in Ahmedabad jewelery market today, while Ahmedabad gold remained steady at Rs 30,600 per 10 grams and Rs 30,600 per 2.50 grams.

In the closed market in Mumbai today, silver was trading at Rs 20, excluding GST, while prices with GST were 3 per cent higher. Meanwhile, in the closed market today, gold prices were quoted at Rs 2060, excluding GST, at Rs 305, excluding GST.

In the Mumbai currency market, the dollar was trading at Rs 6.5 to Rs 7.5 against the rupee in the previous session. Brent crude, meanwhile, traded lower at ૫૯ 6.5 a barrel and New York crude traded at ૬૩ 4.5 a barrel today.

Meanwhile, the price of platinum in the world market fell from ૨ 215 to ૬૮ 215 an ounce to close at ૦૦ 2100 this evening and was quoted at ૮૯ 203 to ૯ 2030 this evening. However, there were indications that copper prices were quoted 0.20 to 0.5 per cent higher this evening. Meanwhile, crude oil exports from Saudi Arabia rose to a record high this month. There were indications that unemployment claims were declining in the United States.

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