Silver rises above Rs 70,000 in Ahmedabad: Gold rises to Rs 61,600

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The price of gold in the world market rose to 2000 dollars

AHMEDABAD/Mumbai: The import cost of precious metals increased rapidly as the world market rose and the rupee depreciated in the domestic currency market today, and due to this, the prices in the jewelery markets of the country soared to a record high today. Today in the Ahmedabad gold and silver market, silver rose by Rs.1 thousand to Rs. The level of 70 thousand was crossed. On the other hand gold also rose to Rs. A new high of 61600 was reached. Record bullishness in gold and silver continued at a fast pace in the Mumbai jewelery market today.

There were indications that gold prices in the world market rose further and crossed 2000 dollars per ounce. Amid the banking crisis and retreat of stock markets in the world market, funds have been moving towards gold. Global gold prices today were directed to rise from 1968 to 1969 dollars per ounce in 2003 to 2004 to 1998 to 1999 dollars. Behind gold, global silver prices rose from 22.83 to 22.84 an ounce at 23.52 to 23.53 to 23.40 to 23.41 dollars.

At home in Ahmedabad jewelery market today, the price of gold rose by Rs.600 per 10 grams to Rs.99.50 to Rs.61400 and Rs.61600 to 99.90. Ahmedabad silver price rose by Rs.1000 per kg and crossed the level of Rs.70 thousand to Rs.70500.

Meanwhile, platinum prices in the world market were at a high of 977 to 978 per ounce at a high of 991 and a low of 961 to 977 to 978 dollars per ounce. Palladium prices ranged from $1,445 to $1,446 an ounce to $1,397 to $1,434 to $1,435 an ounce. Global copper prices were about one-and-a-half percent softer.

Meanwhile, crude oil prices fell sharply in the global market today. New York crude prices fell by 70.58 to 66.82 to 67.29 dollars per barrel. Brent crude prices were 72.68 to 73.18 dollars at a low of 76.46. Despite the low price of crude oil, there were indications that America has decided not to buy crude oil for now to increase its strategic stocks and due to this, the pressure on the price of crude oil in the world market has increased, sources in the world market were showing.

Meanwhile, in the Mumbai jewelery market today, gold prices without GST were at Rs 59,414 at Rs 58,849 at 99.50 while at Rs 59,653 at Rs 59,086 at 99.90. Mumbai silver prices were quoted at Rs 69,756 without GST from Rs 69,136. In Mumbai gold and silver prices including GST were 3 percent higher than this price.

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