Wednesday , January 8 2025

Gold increased by Rs 450, silver by Rs 1000

Mumbai: After digesting the shock, gold prices again rose in the Mumbai jewellery market today. On the other hand, silver prices continued to rise. The news from the world market was encouraging. Globally, gold prices rose from 2349 to 2350 dollars per ounce to 2325 to 2356. Due to the fall in the global dollar index and bond yield, there is news of increased buying of gold by funds globally.

Following the global market, domestic prices were also seen rising due to rising import costs. Gold prices in Ahmedabad's jewellery market today rose by Rs 450 from 99.50 to Rs 74400 and silver from 74600 to Rs 99.90 per 10 grams. Ahmedabad silver prices rose by Rs 1000 to Rs 91000 per kg.

Following gold in the global market silver prices also rose from $29.48 to $29.49 an ounce to $30.59 to $30.44 to $30.45 an ounce. Global platinum prices rose from $996 to $997 to $1007 to $1002 to $1003 an ounce. Global palladium prices rose from $1000 to $1001 to $1049 to $1044 to $1045. Global copper prices rose by 2.5 per cent today.

In the US, private sector job growth was recorded at 1 lakh 50 thousand. However, today news came that unemployment claims have increased by 4,000. Meanwhile, global crude oil prices fell from two-month highs today. Brent crude prices were at a low of $ 87.37 per barrel after falling from $ 86.17 to $ 86.34. US crude prices fell from $ 84.22 to $ 82.69 to $ 86.87. A new demand has arisen.

The American Petroleum Institute said crude oil reserves in the US rose to 92 lakh barrels from 91. However, there were signs that gasoline stocks had increased. Meanwhile, the price of gold without GST in the Mumbai bullion market today stood at Rs 71,937 at 99.50, Rs 71,405 at 99.50 and Rs 72,226 at 99.90 and Rs 71,692 at 99.90, while the price of silver in Mumbai stood at Rs 88,015 and Rs 89,698 without GST. Mumbai gold and silver were 3 per cent higher than this price including GST.