Gold prices rose to Rs.63,000

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The record fall in the rupee against the dollar has been broken

Mumbai: Gold and silver prices continued to rise in the Mumbai jewelery market today. Gold prices rose to a two-week high in the global market. The price of gold in the world market increased from 1971 to 1972 to today's high, from 1994 to 1995 to 1987 to 1988 dollars. In the world market, the buying of funds in global gold increased following the retreat of the dollar index and the fall in bond yields. Meanwhile, precious metals prices were seen higher as import costs at home followed the global market.

In the Ahmedabad jewelery market, gold prices increased by Rs.300 per 10 grams to Rs.99.50 to Rs.62800 and Rs.63000 to 99.90. While Ahmedabad silver price increased by Rs.500 per kg to Rs.73500.

Behind gold in the world market, silver prices increased by 23.38 to 23.81 to 23.55 to 23.56 dollars per ounce. In the world market, the price of platinum increased by 902 rupees to 930 to 927 to 928 dollars per ounce, while the price of palladium increased by 1056 to 1195 to 1186 to 1187 dollars per ounce. Global copper prices were 0.27 percent softer today. Meanwhile, the dollar was trading at a record high of Rs.83.35 after trading at Rs.83.37 against the rupee at the Mumbai currency market today.

Against various major currencies in the world market, however, the global index of the dollar fell to a two-and-a-half-month low of 103.29 today.

China's global currency rose to a 4-month high. In the Mumbai market, the British pound rose by 14 paise to Rs.104.41 while the Euro rose by 17 paise to Rs.91.32. The currencies of Japan and China also rose against the rupee.

Meanwhile, crude oil prices continued to rally at a slower pace in the global market today. Brent crude prices increased from 82.25 to 82.05 dollars per barrel while US crude prices increased from 77.80 to 77.53 dollars. Global experts were showing the possibility of further cuts in production by various crude oil producing countries. The war between Israel and Hamas was about to slow down. Negotiations for a temporary cessation of hostilities have reached the final stage.

Meanwhile, Saudi Arabia and China have entered into currency swap agreements worth seven billion dollars. Such agreements have been made to reduce the dollar's dominance in non-oil trade and the issue was widely debated in the world market as both countries come closer. were While Mumbai silver prices increased, prices with GST were 3 percent higher than this price.

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