Gold crosses Rs 53,000 again Palladium bounces close to 28 2800

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(Gujarat News Office) MUMBAI: The Mumbai jewelery market was hit by a sharp rise in prices today. With crude oil rebounding in the world market, buying of funds in gold increased again. Demand for gold has also risen to hedge against inflation as crude inflation rises. Gold was trading at ૩૩ 4.5 an ounce, up from ૯ 6.05 an ounce in global silver today.

The rising cost of precious metals has risen on the back of rising dollar against the rupee at home and in the global market, which has led to a rebound in jewelery prices today. In the Ahmedabad market, gold prices rose again by Rs 500 per 10 grams to Rs 7,000 from Rs 2.50 and Rs 800 from Rs 7.50. Ahmedabad silver rose by Rs 200 per kg to Rs 200. In addition to global crude, copper prices rose further by 1.5 to 1.50 per cent today, affecting global silver prices.

Meanwhile, the price of platinum in the world market today rose from ૬૬ 105 to ૬૭ 105 an ounce to ૯૫ 103 to ૯૬ 105 to ૯ 1031 to ૯૨ 105. Palladium prices, which were at 200, were at a high of ૨૭૯૪ 6 to આજે 6, up from ૨૭૯૪ 6 today.

In the Mumbai jewelery market, gold prices were at Rs 5,121, excluding GST, at Rs 9,112 and Rs 5,100 at Rs 9,100, excluding GST, while prices with GST were 9 per cent higher.

Meanwhile, Mumbai silver prices were at Rs 4,015, excluding GST. In the US, the private sector was expected to receive 3 lakh 5 thousand job growth instead of the fact that 3 lakh 5 thousand came. This led to a higher global index against the dollar.

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