Dhanteras boom: Gold up to Rs 700, silver up to Rs 2500

Mumbai: Today, on the auspicious day of Dhanteras in Mumbai jewelry market, the market players were stunned as the prices of gold and silver stopped falling and rose like a spring.

The rise in prices on the day of Dhanteras has also affected auspicious buying, said market insiders. In the world market, there was news of a big rise in the prices of gold and silver overnight. After the global market, the wind of boom started blowing in the home jewelery market today.

Silver prices rose by Rs.1,500 to Rs.58,500 per kg in Ahmedabad jewelry market, while Ahmedabad gold prices rose by Rs.700 to 99.50 per kg and Rs.52,400 per 99.90 gram.

Meanwhile, gold prices in the global market rose from 1,631 to 1,632 an ounce, pointing to $1,657 to $1,658 at the end of the week. Behind gold, the global silver price also rose from 18.67 to 18.68 per ounce to 19.42 to 19.43 dollars.

As the world market rose, the import cost of precious metals increased rapidly on the Dhanteras day at home, a spring-like rise was seen in the prices of gold and silver in the jewelry market today.

In the world market, as the global index of the dollar fell from the rising head and the bond yield also remained on the rise and fall, there were indications of increased buying of funds in the gold market at a low head. Behind gold, global silver prices also increased rapidly and were quoted above 19 dollars.

According to the news of the world market, the Japanese currency has fallen against the dollar recently, after falling to a 32-year low, now the Japanese government has become active in the currency market to prevent the Japanese currency from falling further, and as a result, the Japanese currency stopped falling against the dollar in the world market and rose again and the dollar fell, the effect of which was seen to be bullish on the world gold market. was

Meanwhile, in the Mumbai Jewellery-Bullion Market, gold prices rose to Rs.50,550 from Rs.49,862 at 99.50 and Rs.50,750 at Rs.50062 at 99.90, while Mumbai silver rose from Rs.55,555 to Rs.55,555 without GST today. .58000 were spoken. In Mumbai gold-silver prices including GST were three percent higher than this price.

Meanwhile, platinum prices in the world market were at 937-938 to 934-935 from 908 to 909 per ounce. The price of palladium was at the high of 1996 to 1997 from 2064 to 2065 and finally in 2018 to 2019 dollars. Global copper prices were 1.85 to 1.90 percent plus at the end of the week.

The global crude oil market, however, showed a narrowly unbiased range. New York crude prices traded between 83.15 and 85.90 per barrel at 85.03 and last stood at 85.05 dollars. The price of Brent Crude was reported to be 91.00 at the lowest of 92.98 and 93.80 at the highest and last at 93.50 dollars.