Advances in gold and silver: The dollar rose against the rupee in the closed market

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Mumbai: Bullion market was officially closed today due to Saturday in Mumbai jewelry market. However, the prices of gold and silver in the closed market were higher behind the world market.

In the Mumbai bullion market, gold prices were quoted at Rs.52,600 at Rs.52,449 per 10 grams of 99.50 without GST and Rs.52,800 at 99.90 per kg at Rs.52,660 while Mumbai silver prices were at Rs.61,829 at Rs.6,2000 per kg without GST.

In Mumbai gold-silver prices including GST were three percent higher than this price. Meanwhile, in the Ahmedabad market today, the price of gold rose by Rs. 99.50 to Rs. 54300 and rose by Rs. 100 to Rs. 54500 from 99.90. Ahmedabad silver price was Rs.62 thousand.

Meanwhile, gold prices in the global market were pointing to a high of 1750 to 1751 an ounce to 1761 to 1762 at the end of the week at 1754 to 1755 dollars. Behind gold, the global silver price rose from 21.27 to 21.28 per ounce, and was last seen at 21.74 to 21.75 dollars.

There was talk of increased buying of funds in gold in the world market. Global platinum prices rose from a high of 984 to 985 to 996 to 997 an ounce to last at 983 to 984 dollars. Palladium prices were indicated to have risen from 1862 to 1863, from 1914 to 1915, and finally to $1847 to 1848 dollars an ounce.

As the outbreak of Kovid in China increased, the prices of platinum, palladium and copper in the world market were under pressure. Global copper prices were only 0.30 to 0.35 percent plus at the end of the week after rising by around one and a half percent on the back of China's reduction in reserve requirement ratio.

In the Mumbai currency market today, the dollar price against the rupee increased from Rs.81.68 to 81.69 and was trading around Rs.81.81 to 81.82. According to the news of the world market, China and North Korea are coming closer and due to this, gold prices were seen increasing in the world market.

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