Gold rises to Rs 53,000 again: Silver up by Rs 1000

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Mumbai: A spring-like rise was seen in the prices of gold and silver in the Mumbai jewelery market today. As the prices in the world market have increased rapidly, the import cost of precious metals has increased at home and due to this, the jewelery markets of the country witnessed a sharp boom today.

As the dollar index and bond yields fell in the world market and the crypto market was widely eroded, there were signs of increased buying of funds in gold in the world market.

There was news that the price of gold in the world market rose from 1672 to 1673 per ounce and crossed the level of 1700 dollars to 1715 to 1716 to 1707 to 1706 dollars. Behind gold, the global price of silver rose by 20.77 to 21.56 to 21.27 to 21.28 dollars an ounce.

At home behind Vishwa Bazar today Ahmedabad silver rose by Rs.1000 to Rs.61500. While Ahmedabad gold prices rose by Rs.800 per 10 grams to Rs.99.50 to Rs.53,000 and 99.90 to Rs.53,200.

The price of platinum in the world market was 995 to 996 dollars from 1012 to 1013 dollars in the high of 980 per ounce. Palladium prices ranged from 1950 to 1893 to 1894 dollars an ounce from a high of 1884 to 1885. However, global copper prices were down 1.10 percent today amid China's weakness.

Crude oil prices retreated due to lack of new demand from China in the global market. New York crude prices were 87.11 to 87.33 dollars at a low of 91.13 per barrel. While the prices of Brentcrude were indicated to be 93.61 to 93.77 dollars at a low of 97.46. The world market was watching the inflation figures released today in America on Thursday.

Meanwhile, in the Mumbai market today gold prices were Rs.51,308 at Rs.50,500 at 99.50 and Rs.51,514 at Rs.50,700 at 99.90 while Mumbai silver prices were at Rs.61,550 at Rs.60,350 at Rs.60,500 without GST. In Mumbai gold and silver prices including GST were 3 percent higher than this price.

Gold prices rose to a four-week high today in the global market. There was news that the central banks of different countries of the world bought about 400 tons of gold in the period of three months from July to September.

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