Crude rises 5%, Brent rises ડો 102: Gold rises above Rs 52,000

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(Gujarat News Office) MUMBAI: Gold and silver prices rose sharply in the Mumbai jewelery market today. There was news of a resurgence of prices in the world market. Global gold prices jumped again to ૯ 1,200 an ounce. Crude oil prices in the world market today rose sharply by 3 to 4 percent. Gold and crude prices rose in world markets as tensions between Russia and Ukraine escalated. Russia's central bank has raised interest rates from 8.50 per cent to 20 per cent.

Russia's central bank has also said it will increase buying in gold. Gold prices in the world market today jumped from ૮૮૯ 15 to ૮૯ 120 and were quoted at ૬ 1,308 to ૭ 1,305. Global crude oil prices jumped from ૫૯ 61.3 a barrel in New York to ૧ 8.10 a barrel today, while Brent crude jumped from ૯૩ 6.5 a barrel to a high of ૫ 105.05 and a 104.5 a barrel.

Russia's crude supply in the world market was seen to be surging. The rise in crude also had a knock-on effect on gold prices. After gold, the global silver price rose by ૨૭ 4.5 to ૭૮ 6.5 an ounce and was trading at ૩૬ 4.5 to ૩૭ 7.5 today. The jewelery market rallied today on rising global markets and rising dollar imports, although new demand was slower. In the Andavad jewelery market, gold prices rose by Rs 200 per 10 grams to Rs 3,100 from Rs 2.50 and Rs 900 from Rs 7.50 per kg, while Ahmedabad silver rose by Rs 1,000 per kg to Rs 2,000.

Goldman Sachs has forecast that crude prices will soon rise to 115. Meanwhile, the price of an ounce of platinum in the world market today rose from ૫૯ 105 to ૬ 1,050 an ounce to ૬૫ 105 to ૬૬ 105. Palladium prices jumped from ૨૩૬૮ 6 to ૨૩૬૯ 6 to ૨૫૫૨ 6 to ૨૪૭૪ 6 to ૨૪૭૫ 7.

Global copper prices rose 0.2 to 0.50 per cent today. In the Mumbai market today, the price of gold, excluding GST, was Rs. Were living.

Mumbai silver prices were at Rs 8 today, excluding GST, while prices with GST were 5 per cent higher than this. Meanwhile, according to Saudi Arabia, five new areas of natural gas have been discovered there, which could lead to an increase in daily production of 100 million cubic feet, experts said.

Meanwhile, Russia's largest crude oil company Rose also received news that British Petroleum had withdrawn its 50 per cent stake in Ft. Meanwhile, the monthly rise in gold in February in the world market broke a nine-month record, world market analysts said.


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