Crude rose above $83 to hit a two-month high

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Mumbai: The bullion market was officially closed today due to Saturday at the Mumbai Jewelery Bazaar. However, gold prices rose in the closed market. While silver prices were seen to be soft. There were indications that gold prices had increased in the world market. A positive impact on gold prices at home was seen as the world market rose. While the price of silver remained under pressure behind the world market. Meanwhile, the price of gold rose by Rs. 100 per 10 grams to Rs. 99.50 to Rs. 64400 to Rs. 99.90 and Rs. 64600 to 99.90 in the Ahmedabad jewelery market today.

Ahmedabad silver prices fell by Rs.200 per kg to Rs.72300 per ounce in the world market, gold prices per ounce from 2015 to 2016 reached 2025 to 2026. Finally, at the end of the week, there were indications that the price was $2018 to 2019 dollars. There were indications of increased buying of funds in global gold as crude oil prices rose to a two-month high in the global market. Sources in the currency market said that due to the increase in crude oil in the world market, the price of the dollar increased against the rupee in the closed market today in the Mumbai currency market and the rupee weakened slightly.

Meanwhile, silver prices were soft in the world market. Global silver prices fell from 22.84 to 22.85 per ounce to 22.70 per ounce and finally the price was 22.80 to 22.81 dollars. After the Chinese government recently reduced the reserve ratio for banks, there were signs that more stimulus packages would be announced by the government.

Today, the price of dollar against rupee was Rs.83.12 to Rs.83.14 to 83.15. In the world market, the price of Brent crude oil rose to 83.81 from a high of 80.91 per barrel, and the last price was 83.55 dollars. While US crude prices were 78.26 to 78.01 dollars in the high of 76. Crude oil prices in the world market were seen rising as the stock of crude oil decreased in the US and the economic figures there improved, oil tankers were targeted by Houthi groups in the Red Sea and stimulus packages were given in China.

Meanwhile, in the Mumbai bullion market today gold prices were trading at Rs.62150 at Rs.62062 at 99.50 and Rs.62400 at Rs.62312 at 99.90 while Mumbai silver was at Rs.71299 at Rs.71100 without GST. . In Mumbai gold and silver prices including GST were 3 percent higher than this price.

At the end of the week, copper prices in the world market remained minus 0.44 percent. Global platinum prices rose from a high of 901 to 902 to 919 an ounce to last at 915 to 916 dollars. While the price of palladium was 969 to 970 in the low 929 to 930 and in the high 965 the price was 960 to 961 dollars.


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