Gold leads bullish: Silver slows

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Mumbai: Gold rose in Mumbai jewelery market today. However silver was soft. Gold prices in the world market were 2032 to 2033 to 2030 to 2031 dollars per ounce in 2027 to 2028 high. Funds' buying in global gold continued. Behind the global market, the bullion of gold continued at home as well.

In the Ahmedabad jewelery market today, the price of gold increased by Rs.400 per 10 grams to Rs.99.50 to Rs.64300 and Rs.64500 to 99.90. Ahmedabad silver prices were calm at Rs 72000 per kg. Silver prices in the world market were 23.07 to 23.18 to 23.09 to 23.10 dollars per ounce.

Global platinum prices fell to 898 from 900 to 901 dollars an ounce at 910. Palladium prices were at 973-974 dollars per ounce from 999 to 999 from 970 to 971 per ounce. Global copper prices were 0.31 percent plus today.

Meanwhile, crude oil prices were higher in the global market. New demand from China was slow. US crude prices were at $76.32 to $76.86, down from $78.83 a barrel.

While the price of Brent Crude was 81.66 to 82.14 dollars at a low of 82.94. As new purchases by Indian importers of Russian crude oil slowed down, there were signs of China's entry into the Russian crude oil market.

Meanwhile, gold prices in the Mumbai bullion market today stood at Rs 62,009 from Rs 61,890 at Rs 99.50 without GST. While the price of 99.90 was Rs.62139 and Rs.62258. Mumbai silver prices were Rs.70,950 to Rs.70,708 from Rs.70,898 without GST. In Mumbai gold and silver prices including GST were 3 percent higher than this price. Meanwhile, cases of gold smuggling have increased in the country.

There have been reports of such gold being seized from the airports of various cities of the country. At Cochin, gold worth 47 lakh rupees was seized today.


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