Prices rose again after the slump in gold broke

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Mumbai: Mixed weather was seen in the Mumbai jewelery market today. The price of gold stopped falling and rose again. While the decline in silver continued. The price of gold in the world market increased from 1964 to 1965 to 1977 to 1978 to 1974 to 1975 dollars.

As the world market rose, even at home, new sales had to be stopped due to the decrease in gold in the jewelry markets today. There were indications of renewed buying of short-term funds in gold in the global market as bond yields came down from the peak. At home, the price of gold rose by Rs. 300 per 10 grams to Rs. 62,300 per 99.50 and Rs. 62,500 per 99.90 in the Ahmedabad jewelery market.

Ahmedabad silver prices remained calm at Rs 72,500 per kg. Meanwhile, silver prices in the world market today settled at $22.77 after hovering between $22.72 and $23.02 per ounce at $22.87. Global platinum prices were at 898 to 896 to 897 dollars an ounce from 884 to 885 dollars.

Copper prices in the world market increased by 0.41 percent today. Markets were eyeing the various stimulus packages offered by the government in China to support the battered economy. Meanwhile, global palladium prices stood at $1,135 to $1,136 an ounce by 1,117 to $1,141. Crude oil prices in the world market were showing a downward trend.

Brent crude oil prices were at 88.41 dollars after 87.55 a barrel at 89.86. While the price of US crude was 83.16 to 84.04 dollars in a low of 85.41. There was news that the stock of crude oil in America has decreased. According to the American Petroleum Institute, the stock of crude oil has decreased by 26 to 27 lakh barrels against the expectation of 1.5 lakh barrels of growth.

Meanwhile, in the Mumbai bullion market today, gold prices were at Rs.60,231 at Rs.60,200 at 99.50 and Rs.60,564 at Rs.60,450 at 99.90 while Mumbai silver was at Rs.71,004 at Rs.71,500 at Rs.71,500 without GST.

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