Gold rises: Silver prices jumped by Rs.1000

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Mumbai: The bullion market was officially closed today in Mumbai jewelry market. However, there were indications that the prices of gold and silver stopped falling in the closed market and the countermeasures increased rapidly. There was news that the world market had risen. Mumbai gold prices were being quoted at Rs.56300 at Rs.55950 at 99.50 and Rs.56500 at Rs.56175 at 99.90 per 10 grams without GST. Mumbai silver prices today were Rs.65,700 from Rs.64,500 per kg without GST.

In Mumbai gold-silver prices including GST were three percent higher than this price. Market insiders said that the import cost at home has increased as the world market has increased.

Meanwhile, gold prices rose by Rs.200 to Rs.57,800 at 99.50 and Rs.58,000 at 99.90 in Ahmedabad jewelry market, while silver prices rose by Rs.1,000 to Rs.67,000.

Meanwhile, there were indications that gold prices in the world market were trading at 1825 to 1829 per ounce in response to the highs of 1842 to 1843 at the end of the week. Behind gold, global silver prices also stopped falling from 21.34 to 21.35 per ounce and rose to a high of 21.80 to 21.81 and finally remained at 21.73 to 21.74 dollars. Global platinum prices ranged from $925 to $926 to $921 to $922 an ounce in a range of $916 to $917 an ounce. While there was news that the price of palladium was 1502 to 1503 dollars.

Meanwhile, crude oil prices in the global market were also showing a slow recovery at the end of the week. The price of New York crude oil was 75.80 dollars per barrel at 76.34 dollars, while the price of Brent crude oil was 82.39 dollars at the last price of 83.00 dollars. In the Mumbai currency market today, the price of the dollar stopped rising against the rupee and fell to Rs.82.82 and was last traded at Rs.82.78.

Meanwhile, there was news that the government has increased the dollar customs exchange rate from Rs.82.75 to Rs.83.65 for importers in India. Due to this, market sources said that there has been an increase in the effective import duty on gold and silver imported into the country.

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