Bullish in gold: Silver rose to Rs. Close to 68,000

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Mumbai: Gold and silver prices rose in the bullion market today in the Mumbai jewelery market. World market news was bullish. Funds' buying in global gold increased as the dollar fell against the Japanese currency in global markets as the Bank of Japan signaled a hike in long-term interest rates.

The upswing in the jewelery market continued today amid the increase in import costs at home as the world market lifted. The price of gold in the world market was 1809 to 1802 to 1803 dollars in the high of 1795 to 1796 per ounce. Behind gold, global silver prices were also 23.88 to 23.63 to 23.64 dollars in the high of 23.20 to 23.21 today.

Doorstep Ahmedabad silver price per kg Rs. 500 increased to Rs. 66000 remained. Ahmedabad gold price Rs. 99.50 per 10 grams. 55600 and 99.50 Rs. 55800 remained.

Platinum prices ranged from $1,001 to $1,002 per ounce at today's high of $1,005 to $995 to $996 while palladium prices ranged from $1,677 to $1,678 per ounce at $1,731 to $1,732.

Meanwhile, the price of silver in the Mumbai bullion market today excluding GST was Rs. 66898 were 67849. While the Mumbai gold price is Rs. 99.50 without GST. 54031 with Rs. 54287 and 99.90 Rs. 54248 worth Rs. 54505 were there.

Crude prices continued to rise in the world market today. New York crude prices were 76.20 to 76.19 dollars in a high of 74.70 per barrel while Brent crude prices were 80.89 to 80.05 dollars in a high of 79.53.

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