Bullish current in silver: Rises again after falling behind gold in world markets

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MUMBAI: Silver rose in Mumbai jewelery market today. Gold prices rose after opening lower. There were indications that gold prices in the world market would fall from rising prices.

The price of gold in the world market was 1648 to 1656 to 1657 dollars at a low of 1666 to 1667 per ounce. Global silver prices were at $18.62 to $18.85 to $18.86 an ounce, down from $18.84 to $18.85 an ounce.

After the global dollar index rose again after falling, the world market witnessed a surge in gold and selling of funds. Meanwhile, the price of gold rose by Rs.100 to Rs.99.50 to Rs.5200 per 10 grams and Rs.52200 to Rs.99.90 in the Ahmedabad jewelery market today.

Ahmedabad silver prices were maintained at the head of Rs.57 thousand per kg. Meanwhile, platinum prices in the world market ranged from 918 to 920 at 913 to 922 to 923 dollars an ounce while palladium prices from 2032 to 2033 lows were at 1999 to 2031 to 2032 dollars.

Meanwhile, the fall in crude oil prices in the world market had a negative impact on global gold prices. Global copper prices fell by 0.65 to 0.70 percent today. New demand for crude oil remained subdued. New York crude was down 86.28 to $84.56 a barrel, while Brent crude was down 92.31 to $90.71 to $91.71.

In the Mumbai jewelery market today, silver prices rose from Rs.55,643 to Rs.56,105 to Rs.56,010 without GST, while Mumbai gold prices from Rs.99.50 to Rs.50,228 to Rs.50,160 without GST and from Rs.99.90 to Rs.50,430. 50339 to Rs.50362. In Mumbai gold and silver prices including GST were 3 percent higher than this price.

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