Gold jumps above Rs 49,000: Silver rises by Rs 1,000
(Gujarat News Office) MUMBAI: The bullion market was officially closed in the Mumbai jewelery market on Saturday. However, the closed market saw a sharp rise in gold-silver prices behind the world market, market sources said. Gold prices in the world market jumped from ૮૨ 150 to ૮૨૫ 16 an ounce to ૮૩૩ 16 to ૮૩૪ 16 to ૮૨૭ 16 an ounce. According to world market analysts, the global dollar index fell on disappointing job growth in the US, while global gold prices rebounded on rising demand for funds in gold. In the US, the June job growth was expected to be 1.1 million in June and 3.0 million in July, but in August, the job growth was expected to be 3.2 million, but in fact, the players were stunned when the job growth in August was only 2.3 million. In the United States, there has been talk of declining job growth due to the outbreak of deltavirus, and in such an environment, the possibility of a further reduction in bond buying by the government there is likely to be delayed. In such...