Gold rises to Rs. Close to 50,000: Crude falls again after hitting 94

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(Gujarat News Office) MUMBAI: Gold and silver prices rose in the Mumbai jewelery market today. There was news of world market growth. The market was watching rising inflation in the US. Meanwhile, world crude oil prices were on a downward spiral. Brent crude was trading at ૯૩ 4.5 a barrel, down from 6 a barrel. New York's main contract, which rose to ૭૩ 4.5, was at ૪૮ 51.8.

Amid hopes that talks between the United States and Iran will be concluded soon and that Iran's crude oil supply will increase in the world market, the rise in crude oil was cautious in the world market today. However, despite the retreat in crude, gold prices in the world market today rose from ૮ 1,305 to ૯ 1,305 an ounce and stood at ૮ 1,215 to ૪ 1,215 an ounce.

Behind gold, the global silver price also rose from ૫ 7.31 to ૮૮ 4.5 to ૮૯ 7.5. Even at home behind the world market, prices rose in the jewelery market today. In the Ahmedabad market, silver rose by Rs 200 per kg to Rs 200. While Ahmedabad gold price increased by Rs. 100 per 10 grams to Rs.

Platinum, meanwhile, traded at ૨ 1,050 to ૨ 1,081 an ounce, up from ૨૮ 105 to ૨૯ 105 an ounce, while palladium was quoted at ૨૨૨૩ 5 to ૨૨૨૪ 7, ૨૨૯૪ 6 to ૨૨૯૫ 8, an ounce. Global copper prices were in the range of 0.8 to 0.50 per cent today. Meanwhile, according to reports from China, with government-run crude oil reserves dwindling, analysts are now predicting a resurgence in China's purchases of crude oil in world markets.

Meanwhile, in the Mumbai market today, the price of gold excluding GST was Rs 305 at Rs 2.50 and Rs 80 at Rs 8.15 for 7.50. While Mumbai silver price was Rs.


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