Gold heads towards Rs 59000 amid bullish march: Silver and crude also shine

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- Copper, platinum and palladium prices, however, eased after gains: Crude prices forecast to go higher this year

Mumbai: The price of gold and silver rose in the Mumbai jewelery market today. Samachak was a promoter of the world market. As the dollar index and bond yield fell in the world market, the global gold prices rose today to a higher level from 1937 to 1938 dollars and 1927 to 1928 dollars.

As the import cost of precious metals at home increased due to rising world market, bullish winds were seen blowing in jewelery markets. Gold prices rose by Rs.400 per 10 grams in the Ahmedabad market today. Ahmedabad gold prices rose to Rs.58500 from 99.50 and Rs.58700 from 99.90. Ahmedabad silver price increased by Rs.500 to Rs.68500 per kg.

Meanwhile, silver prices in the world market increased from 24.07 to 24.08 to 23.95 to 23.96 dollars an ounce today. The price of platinum in the world market was 1043 to 1044 to 1026 to 1027 dollars per ounce. While palladium prices were 1728 to 1729 dollars from 1766 to 1767. Global copper prices were 0.25 percent softer today.

Meanwhile, crude oil prices rose today in the global market. The prices of New York crude increased from 81.33 to 80.88 dollars per barrel, while the prices of Brent crude increased from 87.13 to 86.74 dollars. According to the International Energy Agency, crude oil prices are likely to rise in the world market amid hopes that Russia's oil supply will remain limited this year and China's demand will remain good. Meanwhile, gold prices in the Mumbai bullion market today stood at Rs 56,822 from Rs 56,433 at Rs 99.50 without GST. While the price of 99.90 was Rs.56670 and Rs.57050. While the Mumbai silver price today was Rs.68453 without GST from Rs.67444. In Mumbai gold-silver prices with GST were 3 percent higher than this price.

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