Mumbai: Gold rises by Rs 1,000, silver by Rs 2,000
(By commerce representative) MUMBAI: Gold rose sharply in the US market on October 31, hitting a 21-year high. Gold hedging as a hedge against investor inflation pushed up prices. Gold and silver prices were also strong locally behind the world market. As the rupee weakened against the dollar, the import cost of gold rose. Global crude oil prices were down. In the Mumbai market, gold rose by Rs 1,000 and silver by Rs 2,000. In the domestic market, gold at Rs 9.50 per ten grams, which had closed at Rs 215 excluding GST yesterday, rose to Rs 215 today. The price of 7.50, which was Rs 61 yesterday, closed at Rs 71 today. Gold has seen an increase of about one thousand rupees. Prices were quoted three per cent higher with GST. Silver. The price of one kilogram which was Rs. 3 yesterday without GST yesterday was approximately Rs. Prices were set three per cent higher with GST. In Ahmedabad, gold rose by Rs 200 and silver by Rs 1,000. Gold was priced at Rs 30.50 per ounce while the price