Gold worth Rs. 51000 level: Weakness in dollar
(By commerce representative) MUMBAI: Prices of both the precious metals rose on the back of gains in gold and silver in the global market. In the Ahmedabad market, gold had crossed the level of Rs 21,000. The government has announced an increase in the tariff value used as a benchmark for calculating import duty on gold and silver, and an increase in the effective import duty is being considered. World markets saw a modest improvement in crude oil prices. In the Mumbai local gold and silver market, the price of gold at Rs 9.50 per 10 grams, excluding GST, which had closed at Rs 215 yesterday, has risen to Rs 5 today. Prices with GST were quoted three per cent higher. Gold, which was closing at Rs 61 yesterday, rose to Rs 5 today. Prices with GST were set at three per cent higher. Silver. In the Ahmedabad market, gold was trading at Rs 30,600 per ten grams, while gold was trading at Rs 31,100 per 10 grams, crossing the level of Rs 21,000. Silver.2 The price of a kilo was quoted at Rs