Ahmedabad gold rose by Rs.700 to cross Rs.63,000

Boom as Israel Intensifies Attacks on Hamas

Ahmedabad, Mumbai: After the reports that gold prices have risen in the world market and touched the level of 2000 dollars per ounce, there was a stormy rise in gold prices in the sauna-silver market of the country today. In the Ahmedabad gold-silver market today, gold jumped by Rs 700 to Rs 63,000 and reached Rs 63,500, although silver remained at the level of Rs 72,500. In Ahmedabad jewelry market today, the price of gold rose by Rs.700 per 10 grams to reach the level of Rs.63,000.

The bullion market was officially closed in Mumbai jewelry market today due to Saturday. However, the closed market saw a sharp rise in prices behind the global market. As the import cost of precious metals increased domestically due to rising global markets, the jewelery markets of the country witnessed a significant rise in prices today on the day of Sharad Purnima.

The price of gold in the world market increased from 1979 to 1980 to the highest level from 2009 to 2010 to last week's price of 2006 to 2007 dollars. Behind gold, the global silver price increased from 22.74 to 22.75 per ounce, crossed 23 dollars and reached the high price of 23.13 dollars. Finally, the price was 23.11 to 23.12 dollars.

As the conflict between Israel and Hamas escalated and Israel's counter-attacks began at a sharp pace, there was news of an increase in safe haven gold in the world market. Funds were active buyers. Market insiders said that the bullishness has accelerated as the prices of gold started to increase and the sales of the bearers also started to cut.

There were reports that Israel had launched a wide-scale air and ground-level attack on Gaza. Meanwhile, the prices of crude oil also increased due to this reason in the world market. The price of Brent crude oil reached a high of 89.41 to 90.75 dollars per barrel and finally the price was 90.48 dollars while the price of US crude oil was 85.90 to 85.54 dollars from 84.81.

Meanwhile, platinum prices in the world market increased by 903 to 904 per ounce from 913 to 914 to 907 to 908 dollars. While the price of palladium fell from 1141 to 1142, the price fell to 1117 to 1118 and finally the price was 1124 to 1125 dollars.

Global copper prices rose 1.70 to 1.75 percent plus at the end of the week. Meanwhile, as global crude oil prices rose, the Mumbai currency market saw indications that the dollar rose against the rupee at the close today. As the price of dollar rose by Rs.83.24 to Rs.83.36 against the rupee today, there was a discussion in the currency market that the rupee has fallen to a new low.

Meanwhile, in the Mumbai bullion market today, gold prices were at Rs.61,350 at Rs.60,581 at 99.50, while Mumbai silver was at Rs.70,906 at Rs.720,50 at Rs.60,825 at Rs.60,825 at 99.90. They were talking. In Mumbai gold-silver prices including GST were three percent higher than this price.