Narrow fluctuations seen in the closed market in gold and silver and the dollar

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Mumbai: The bullion market was officially closed in Mumbai jewelry market today due to Christmas. Prices were calm in the closed market. With global markets closed for Christmas and currency markets at home also closed, prices remained calm amid absence of fresh news in the jewelery market. In the world market, gold prices were last between 2053 to 2054 dollars per ounce and silver prices were 24.18 to 24.129 dollars per ounce.

Meanwhile, in the Mumbai bullion market today, gold prices were trading around Rs. 99.50 per 10 grams and Rs. 62850 per 10 grams without GST, while Mumbai silver prices were trading at Rs. 74500 per kg without GST. In the Mumbai market, GST-inclusive gold-silver prices were 3 percent higher than this price. In the Mumbai currency market today, the dollar price against the rupee was trading around Rs.83.22 to 83.23. Meanwhile, there was talk in the market of increased smuggling due to the high price of gold in the country. Recently, there was news that smuggled gold worth Rs.5 crore was caught at Bangalore airport.

Crude oil prices in the world market were last indicated to be between 73.55 to 73.60 dollars of US crude and 79.05 to 79.10 dollars of Brent crude. In the world market, lastly, the price of platinum was 976 to 977 dollars per ounce and the price of palladium was 1205 to 1206 dollars. The world market was discussing the possibility that more crude oil will be sent by Angola to the world market after Angola left OPEC, the organization of various crude oil producing countries. However, according to Iraq, Nigeria and Congo, there was news that they will continue to support the OPEC organization and join the OPEC organization. Meanwhile, the weekly increase in crude oil prices in the world market last week was the biggest weekly increase in the last two months.

Closed markets

BSE and NSE were officially closed today due to 'Natal' festival. Apart from this, Comexis and Hundiaman Bazar also remained closed. At home, the market yards of various district leaders were also officially closed.

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