Gold-Silver bullish break: Crude oil rose to a high and reached close to 88 dollars

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- A closed market in currencies further depreciating the dollar against the rupee

- Advances in platinum and palladium prices

Mumbai: The bullion market was officially closed today due to Saturday in Mumbai jewelry market. In the closed market, the prices of gold and silver went up and were soft. World market news showed caution in following the rally. Gold prices in the world market rose from 1927 to 1928 in 1920 to 1921 to last weekend at 1926 to 1927 dollars per ounce.

Meanwhile, the price of gold in Ahmedabad jewelry market today fell by Rs.200 to Rs.99.50 to Rs.58300 and Rs.58500 to 99.90 per 10 grams. However, Ahmedabad silver prices rose by Rs.500 per kg to Rs.69,000 today. Meanwhile, there was news of silver prices in the world market falling from 23.95 to 23.96 to 23.70 to 23.71 per ounce and finally 23.93 to 23.95 dollars. Meanwhile, platinum prices rose from a high of 1026 to 1027 an ounce from 1055 to 1056 to last at $1045 to 1046 while palladium prices rose from a high of 1728 to 1729 an ounce from 1766 to 1767 to last at $1735 to 1736 an ounce.

Crude oil prices in the world market were trading at 81.91 to 81.64 dollars in the high of 80.88 per barrel of New York crude, while the price of Brent crude increased by 86.74 to 87.79 and finally remained at 87.63 dollars. Meanwhile, in the Mumbai currency market today, the dollar price against the rupee fell further from Rs.81.12 to Rs.81.04 to 81.05. In the Mumbai bullion market today, gold prices without GST were trading at Rs.56,700 at 99.50 and Rs.56,700 at 99.90 and Rs.57,050 at Rs.56,900. While Mumbai silver prices were Rs.68453 to Rs.68200 without GST.

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