Gold and silver rise: Crude declines: Platinum and palladium rise

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Mumbai: Gold and silver prices went higher in Mumbai jewelery market today. However, the closing price was slightly lower than the opening price. World market news was showing progress. Due to this, the import cost at home was raised. The market was keeping an eye on the changes in import duty and customs duty in the budget to be presented on Thursday.

Global gold prices increased from 2028 to 2029 to 2040 to 2041 to 2036 to 2037 dollars per ounce. At home, the price of gold in Ahmedabad jewelery market increased by Rs. 100 to Rs. 99.50 to Rs. 64600 to Rs. 99.90 and Rs. 64800 to 99.90. While Ahmedabad silver price increased by Rs.500 per kg to Rs.73000.

In the world market, behind gold, silver prices were 23.25 to 23.26 to 23.12 to 23.13 dollars in the range of 23.00 to 23.01 per ounce. Meanwhile, gains in global gold were limited as global crude oil prices fell. Brent crude oil prices were at 81.93 to 82.14 dollars a barrel at a low of 83.65, while US crude prices were down at 76.41 to 76.60 dollars from 78.13. New demand slowed.

However, according to the news received from Saudi Arabia, there were indications that the government has shelved plans to increase crude oil production capacity. There was news that the daily production capacity has been at 120 lakh barrels, if it will not be increased now.

In the global market today, copper prices saw a slow decline while platinum prices were at $932-933 to $925-926 from a high of $912-913 an ounce. Palladium prices increased from 954 to 955 to 994 to 995 to 982 to 983 dollars.

In the Mumbai bullion market today, gold prices without GST rose from Rs.62265 at 99.50 to Rs.62427 to Rs.62359 while at 99.90 at Rs.62515 from Rs.62678 to Rs.62610. Mumbai silver prices were Rs.71,795 to Rs.71,742 from Rs.71,371 without GST.

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