Gold bounced to Rs 49,000 while silver traded at Rs 65,000
MUMBAI: The Mumbai bullion market was officially closed today following a bank holiday. However, the closed market saw gold and silver prices rebound behind the world market. World market news was showing a rapid rise in precious metals. The decline in the dollar's injection against various major currencies in world markets was a sign of increased buying of funds in global gold. As the world market grows, the import cost of precious metals has gone up. As a result, the jewelery market witnessed a slowdown in new selling prices today. Gold prices in the world market were quoted at ૭૬૨ 15 to ૭૭૯ 17 an ounce. After gold, global silver prices jumped by ૨૩ 4.5 to ૨૯ 7.5 an ounce and traded at ૯૮ 4.5 to ૯૯ 7.5 today. In the Ahmedabad jewelery market, silver prices jumped by Rs 200 per kg to Rs 2,000 today, while Ahmedabad gold rose by Rs 200 per 10 grams to Rs 2,000 from Rs 2.50 and Rs 500 from Rs 7.50. Meanwhile, in the Mumbai currency market today, the dollar was trading at Rs 4.5 ...