Gold and silver rose again after falling

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Mumbai: Gold-Chadi prices rose again in the Mumbai jewelery market today after falling initially. World market news was showing biased fluctuations. In the domestic currency market, the price of the dollar against the rupee also showed a biased fluctuation. The effect of this was seen on the jewelry market today. Gold prices in the world market were 1746 to 1746 dollars per ounce from 1754 to 1755 and 1763 to 1755 to 1756 dollars per ounce. Global silver prices were 21.74 to 21.75 dollars per ounce.

At home Ahmedabad silver prices increased by Rs.500 per kg to Rs.62500. Ahmedabad gold prices were Rs.54,200 at 99.50 and Rs.54,600 at 99.90 per 10 grams. In the world market today, the price of platinum was 983 to 984 dollars per ounce with a low of 974 and a high of 993 and 991 to 992 dollars.

Palladium prices were trading at 1847 to 1848 highs of 1885 and lows of 1826 to 1837 to 1838 dollars per ounce. Global copper prices remained in minus 0.60 to 0.65 percent this evening. As the outbreak of Corona in China increased, its impact was seen negatively on the global copper and crude oil market.

Crude oil prices in the world market continued to decline today. New York crude oil prices were 73.60 to 73.86 dollars in a low of 76.28 per barrel. While the price of Brent Crude was 80.61 to 80.87 dollars at a low of 83.63. According to J.P. Morgan, crude oil prices are likely to remain under pressure in the new year of 2023 as well.

In the Mumbai market today, gold prices were Rs.52,462 to Rs.52,640 from Rs.52,600 of Rs.99.50 without GST. While the price of 99.90 was Rs.52800 to Rs.52673 to Rs.52852. Mumbai silver prices were Rs 61445 to Rs 62110 without GST from Rs 62000. In Mumbai gold and silver prices including GST were 3 percent higher than this price.

Meanwhile, there was news of gold import in the country falling by 17-18 percent to around $24 billion in the 7-month period from April to October. This figure was recorded at 29 billion dollars in this period last year. This year, in the month of October alone, there were indications that the import of gold in the country decreased by about 24 to 25 percent to 3 billion 70 million dollars.

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