Sunday , November 24 2024

Silver jumped by Rs 1800 like spring

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Mumbai: Gold prices rose in Mumbai's jewellery market today. Silver prices rose sharply after recovering from the setback. The news from the world market was encouraging. The country's jewellery markets witnessed a rise today due to the rise in domestic import costs along with the rise in the world market. Gold prices in the world market were guided in the high range of 2406 to 2407 per ounce to 2432 to 2429 to 2430 dollars.

As the global dollar index fell, buying by global gold short funds increased. In the domestic market today, the price of gold rose by Rs 900 per 10 grams to Rs 72300 per 99.50 and Rs 72500 per 99.90 in the Ahmedabad jewellery market, while the Ahmedabad silver price rose by Rs 1800 to Rs 81005 per kg. Following the gold in the global market, the price of silver also increased from 26.93 to 26.99 to 27.76 to 27.50 to 27.51 dollars.

In Mumbai bullion market today, the price of gold increased from 99.50 to Rs 69384 and without GST to Rs 68928, while the price of 99.90 increased from Rs 69205 to Rs 69663. Mumbai silver prices increased from Rs 78,880 to Rs 80,263 without GST. Meanwhile, the price of platinum in the world market was $ 926. The price of palladium was $ 923.

Global copper prices also rose 1.67 per cent today after a fall. Crude oil prices also rose in the world market. Brent crude prices were at a high of 78.45 per barrel from $ 79.67 to $ 79.41. While US crude prices rose from $ 75.42 to $ 76.77 to $ 76.49.

The number of unemployed in the US fell by 17 thousand to 2 lakh 33 thousand, there were signs that the job market is stabilizing again and as a result, analysts were saying that interest rate cuts would not bring a boom there. This had a positive impact on global gold prices.