Gold crosses Rs 61,000 again with spring-like surge: Silver also rises

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MUMBAI: In the Mumbai jewelery market today, the price of gold was seen rising again, while silver also rose again. World market news showed renewed bullishness in precious metals. As the world market rises, the import cost at home has increased again and due to this, a fresh wind of bullishness blew in the jewelery markets of the country today.

The price of gold in the world market increased from 1938 to 1939 and the price was 1983 to 1984 to 1968 to 1969 dollars. There were indications that funds buying in global gold became widespread as the dollar index broke in the world market amid the possibility of the rate of interest rate increasing by only five percent in the US and the possibility of the pace of growth in the interest rate going up there.

Meanwhile, on the back of gold, the global silver prices also increased from 22.29 to 22.30 an ounce today from 23.09 to 23.10 to 23.83 to 23.84 dollars. At home, Ahmedabad silver prices rose by Rs.500 per kg to Rs.69,500 while Ahmedabad gold prices rose by Rs.600 per 10 grams to Rs.60,800 per kg and 99.90 to Rs.61,000 per kg.

Meanwhile, the price of platinum in the world market was 975 to 977 to 978 dollars today, which was a dip from 999 to 1,000 per ounce. Palladium prices, however, rose from 1420 to 1469 to 1445 to 1446 dollars. Global copper prices remained in the range of 0.40 to 0.45 percent plus today.

Meanwhile, gold prices in the Mumbai market today were Rs 58,955 to Rs 58,849 from Rs 58,402 at 99.50 without GST. While the price of 99.90 was Rs.58637 to Rs.59192 to Rs.59086. Mumbai silver prices were Rs 60368 to Rs 69136 without GST from Rs 68221. In Mumbai gold and silver prices including GST were 3 percent higher than this price. In the silver futures market today, there was a discussion about the price rising and reaching a 7-week high.

Meanwhile, crude oil prices rose in the world market. New York crude prices increased by 69.68 per barrel to 70.79 to 70.58 dollars while Brent crude prices increased by 75.30 to 76.66 to 76.46 dollars. After America, there was news today that Britain has also increased the interest rate by 0.25 percent.

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