Monday , December 23 2024

Gold heading towards bullish trend: Silver slow

Mumbai: There was a rise in gold prices in Mumbai jewelery market today. However, silver remained soft. Gold prices in the world market were at the highest level in 2032 to 2033, 2030 to 2031 and $ 2027 to 2028. Globally, funds continued to buy gold. Behind the global market, gold continued to rise domestically as well.

Today in the jewelery market of Ahmedabad, the price of gold increased by Rs 400 per 10 grams from Rs 99.50 to Rs 64300 and from Rs 64500 to Rs 99.90. Ahmedabad Silver prices remained calm at Rs 72000 per kg. In the global market, silver prices ranged from $23.07 to $23.18 to $23.09 to $23.10 an ounce.

Globally, platinum prices fell from $900 to $910 an ounce. Palladium prices were at $973-974 an ounce from 999 to 999, up from 970 to 971 an ounce. Global copper prices rose 0.31 percent today.

Meanwhile, crude oil prices remained high in the global market. New demand from China remained slow. U.S. crude oil prices were down from $78.83 a barrel to $76.32 to $76.86.

While the price of Brent crude was at a low of 82.94 from 81.66 to 82.14 dollars. As new purchases of Russian crude oil by Indian importers slowed down, there were signs of China's entry into the Russian crude oil market.

Meanwhile, gold prices in Mumbai bullion market today rose by Rs 99.50 to Rs 62,009 without GST from Rs 61,890. Whereas the price of 99.90 was Rs 62139 and Rs 62258. Mumbai silver prices rose from Rs 70,898 to Rs 70,950 to Rs 70,708 without GST. Gold and silver prices in Mumbai were 3 percent more than this price including GST. Meanwhile, cases of gold smuggling have increased in the country.

There have been reports of this type of gold being seized from airports in many cities of the country. Gold worth Rs 47 lakh was seized in Cochin today.