Gold rose to Rs.54,000: Silver rose by Rs.62,000

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Mumbai: In the Mumbai jewelery market today, after digesting the shock in gold, the price rose again and crossed the level of Rs.54 thousand for 10 grams. The price of silver touched Rs. 62 thousand per kg as the bullishness continued. As the prices rose in the world market, the import cost at home increased, the jewelery markets of the country witnessed a boom today. Gold prices in the world market increased from 1738 to 1739 dollars per ounce, from 1758 to 1759 to 1757 to 1758 dollars.

In the world market, there was news that the buying of funds reduced in global gold has increased as the dollar index and bond yield decreased. A bullish effect was seen on gold prices in the world market as the possibility of easing the aggressiveness in the next interest rate hike in the US was discussed.

Behind gold in the world market today, silver prices also increased from 21.21 to 21.22 to 21.68 to 21.58 to 21.59 dollars per ounce. Meanwhile, at home, gold prices rose by Rs 400 to Rs 99.50 to Rs 54,200 and Rs 99.90 to Rs 54,400 in the Ahmedabad jewelery market today. Ahmedabad silver prices increased by Rs.500 to Rs.62 thousand.

Meanwhile, platinum prices in the world market increased by 991 to 992 to 1003 to 994 to 995 dollars an ounce. Palladium prices ranged from a high of 1883 to 1884 dollars from 1914 to 1908 to 1909 dollars. Global copper prices were 0.65 to 0.70 percent plus late today.

Meanwhile, in the global market, there was talk of increasing the number of cases of Covid in China, and the number of players has also increased. Global crude oil prices remained lower as new demand from China slowed, with New York crude settling at $79.6 a barrel at $77.21 to $77.74 a barrel. While the price of Brent Crude was 84.26 to 84.96 dollars at a low of 86.32. Meanwhile, gold prices in the Mumbai bullion market today rose to Rs 52,502 from Rs 52,508 at Rs 99.50 to Rs 52,508 without GST.

While the price of 99.90 was Rs.52418 to Rs.52729 to Rs.52713. Mumbai silver prices were Rs.62,379 to Rs.62,266 from Rs.61,700 without GST. In Mumbai gold and silver prices including GST were 3 percent higher than this price.

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