Crude rises to ૭૫ 5 a barrel: US crude stock falls by 5.4 million barrels
(Gujarat News Office) MUMBAI: Gold and silver prices rose sharply today in the Mumbai jewelery market. World market news was encouraging. Global gold prices rose above ૮ 1,200 an ounce. Gold prices rose as demand for funds rose in the face of a weaker-than-expected dollar index in global markets as inflation in the US fell short of expectations. Precious metals were also on the rise behind the world market. However, there was talk of a limited rise in prices in the jewelery market as the dollar weakened in the domestic currency market. World gold prices were hovering between ૪ 1,308 and ૫ 1,305 an ounce, after which they were trading at ૭૯૯ 15,100 an ounce in the late evening. In the Ahmedabad market, gold prices rose by Rs 200 per 10 grams to Rs 800 from Rs 4.50 and Rs 200 from Rs 4.50. While Ahmedabad silver price rose by Rs 200 per kg to Rs 200. In the global market, silver prices rose by 6.5 to 6.5 per cent and gold by 4.5 to 6.5 per cent. Meanwhile, crude oil prices rose 1.5 pe