Gold, silver move behind world market: Crude and copper prices rise

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Mumbai: The prices of gold and silver rose in the Mumbai jewelery market today. World market news was bullish. Market insiders said that the import cost at home has gone up as the world market has increased. In the world market today, the price of gold increased from 2053 to 2054 to 2065 to 2066 to 2062 to 2063 dollars per ounce.

Silver prices in Ahmedabad market increased by Rs.500 per kg to Rs.75,500. While Ahmedabad gold prices increased to Rs.64,800 per kg at 99.50 and Rs.65,000 at 99.90 per kg. Meanwhile, behind gold, silver prices in the world market increased from 24.18 to 24.19 to 24.40 to 24.37 to 24.38 dollars an ounce. In the Mumbai bullion market today, the gold price without GST was Rs.62,600 at 99.50 and Rs.62,805 at 99.90 and Rs.62,850 at Rs.63,057. Mumbai silver prices increased from Rs.74,500 to Rs.74,750 without GST.

In the currency market, the price of the dollar against the rupee increased from 83.15 to 83.22 to 83.19. In the currency market today, there was news of an increase in dollar purchases of importers and oil companies. The global dollar index was down 0.06 percent today at 101.57 to 101.64.

In the Mumbai currency market, the British pound rose by 6 paise and the European currency Euro rose by 20 paise against the rupee. The price of pound increased to Rs.105.74 to Rs.105.62. While the price of Euro increased to Rs.91.74 to Rs.91.71.

Sources said that the decline in the rupee in the currency market was limited today amid rising stock markets in India and indications that the country's current account deficit has come down from 3.80 percent of GDP to 1.00 percent of GDP. However, platinum prices remained on the decline in the world market today. The price of platinum was 977 to 972 to 975 to 976 dollars.

Palladium prices ranged from 1205 to 1206 lows from 1191 to 1192 to 1201 to 1202 dollars. Global copper prices were 0.28 percent softer today. Crude oil prices rose again today in the world market. Brent crude rose by 79.07 to 79.59 to 79.47 dollars a barrel, while US crude prices rose by 73.56 to 73.94 to 73.88 dollars.

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