Gold-silver recession breaks: Crude oil prices also rise

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Mumbai: The prices of gold and silver rose sharply in the Mumbai jewelery market today. In the world market, there was news that the buying of funds reduced in global gold has increased due to the retreat of the dollar index. Market sources said that due to the increase in prices in the world market, the import cost at home has increased and due to China, the recession in the country's jewelery market has been broken today and the prices have been raised again.

Gold prices in the world market were 1668 to 1666 to 1667 dollars in the high range of 1644 to 1645 per ounce. Behind gold, global silver prices were also higher at 18.90 to 18.84 to 18.85 dollars in the high of 18.27 to 18.28.

Today, gold prices rose by Rs. 200 per 10 grams to Rs. 99.50 to Rs. 51,900 and 99.90 to Rs. 52,100 in the Ahmedabad jewelery market. While Ahmedabad silver prices increased by Rs.500 per kg to Rs.57 thousand.

Meanwhile, platinum prices in the world market ranged from $923 to $919 to $920 in the highs of $903 to $904, while palladium prices ranged from $2042 to $2032 to $2033 in today's highs of 1995 to 1996. Global copper prices were 0.86 percent plus today. As copper rose, its impact was also seen to be positive on global silver prices. Meanwhile, rising crude oil in the world market had an impact on global gold prices.

New York crude prices were 86.92 to 86.28 dollars a barrel today at a high of 85.61, while Brent crude prices increased by 91.63 to 93.04 to 92.31 dollars. There was news of China showing strict attitude against Taiwan. Besides, the war between Russia and Ukraine has also worsened, there were instructions to reduce gold in the world market.

Meanwhile, in the Mumbai jewelery market today, gold prices were Rs.50,228 at Rs.49,950 at 99.50 and Rs.50,430 at Rs.50,105 at 99.90, while Mumbai silver prices were at Rs.55,643 at Rs.54,800 at Rs.54,800 without GST. In Mumbai gold and silver prices including GST were 3 percent higher than this price.

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