Gold hits Rs 49,000: Silver hits Rs 1,000

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(Gujarat News Office) MUMBAI: Gold and silver prices rose sharply in the Mumbai jewelery market today. World market news was selling. Domestic import costs were lower. The rise in crude oil prices in the global market, which remained softer by about half a per cent late this evening, was also having an impact on gold prices. Meanwhile, gold prices in the world market today fell from ૭૮૫ 15 to ૭૮૬ 16 an ounce to ૭૮ 161 to 12 an ounce.

Global silver also tumbled. Silver in global markets fell by 2.50 to ૯ 2.31 and was quoted at ૪૯ 4.5 to ૫ 8.30 today. Falling prices in the jewelery market also slowed new demand behind the world market. Byro was seen in a wait-and-see mood. In the Ahmedabad market today, the price of silver fell by Rs 1,000 per kg to Rs 2,000 per kg.

Ahmedabad gold prices fell by Rs 200 per 10 grams to Rs 7,000 from Rs 8.50 and Rs 900 from Rs 4.50. Platinum, meanwhile, fell by ૯૫૪ 5 to લર 6 to ૯૪૮ 6 to આજે 8 a barrel today, while palladium was down by ૭૬૪ 12 to ૭૪૫ 12 a barrel. Crude oil prices were down half a per cent at ર્ક 2.8 a barrel in New York and ૬૮ 4.5 a barrel in Brent crude.

Meanwhile, the private sector job growth in the US has increased to 3 lakh 6 thousand. Which was expected to be 3 lakh 3 thousand. Now, the world market players were keeping an eye on the non-farm payrolls figures of the total job growth released on Friday (today).

The market was also keeping an eye on the global spread of the new virus Omicron. Experts were pointing out that if the outbreak of this new virus increases, the price of gold in the world market may rise again.

In the Mumbai jewelery market, gold today was trading at Rs 810, excluding GST, at Rs 8.15, while it was trading at Rs 301, which is Rs 305, at Rs 8.50. While those without GST were Rs. While prices with GST were 3% higher. Meanwhile, US crude oil stocks fell by 310,000 barrels, according to the Energy Information Administration. Such stock was expected to fall by 12 lakh barrels, but in fact the stock was only indicating a fall of 5 lakh 10 thousand barrels.

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