Ahmedabad silver up Rs 75,000: Crude falls from three-month high

Mumbai: The prices of gold and silver rose again in the Mumbai jewelery market today. Sources in the market said that the import cost of precious metals has increased due to the increase in the world market and weakening of the rupee in the domestic currency market. In the world market, the buying of funds in gold increased as the global dollar index fell again.

Global gold prices today were reported to have increased from 1960 to 1961 to 1972 to 1973 dollars per ounce. Global silver prices, however, remained at 24.62 to 24.63 dollars against 24.67 to 24.68. In the Ahmedabad market today, the price of gold rose by Rs.300 per 10 grams to Rs.99.50 to Rs.61300 and Rs.61500 to 99.90.

Ahmedabad silver prices also increased by Rs.500 per kg to Rs.75000. Meanwhile, in the global market, platinum prices traded at $955 to $956 an ounce from 972 to 973 while palladium prices were at $1263 to $1264 from $1296 to 1297. Global copper prices fell by 0.80 percent today.

In the Mumbai bullion market today, the price of gold excluding GST was Rs 59,453 at Rs 58,906 at 99.50 while Mumbai silver was at Rs 59,692 at Rs 59,143. While Mumbai silver prices were Rs.73939 to Rs.74520 without GST. In Mumbai gold and silver prices including GST were being quoted 3 percent higher than this price.

Meanwhile, crude oil prices in the global market, which had risen to a 3-month high, were reported to have rebounded from the highs today. New York crude oil prices fell to $78.88 after hitting a high of $79.58 a barrel. While the price of Brent Crude was higher at 83.64 to 82.90 dollars. The American Petroleum Institute said that the stock of crude oil in the United States has increased.