Gold recovers after shock: Silver rises by Rs 1,000

Mumbai: Gold and silver prices in Mumbai's jewelry market rose again after facing a setback. As the world market rose, domestic import costs again increased and this led to new sales being stopped in the jewelry markets. In Ahmedabad's jewelry market today, gold prices rose by Rs 400 per 10 grams from 99.50 to Rs 74300 and silver from 99.90 to Rs 74500.

At the same time, the price of silver in Ahmedabad today rose by Rs 1000 per kg to Rs 92 thousand. It was reported that the price of gold in the world market increased from 2333 to 2334 per ounce to 2349 to 2350 dollars. It was discussed that due to the fall in gold in the global market, the buying of funds again increased due to the rise in the dollar index and bond yields and crude oil prices. On the back of gold, global silver prices rose from 30.26 to 30.27 per ounce to 30.94 to 30.95 dollars.

Meanwhile, in Mumbai bullion market today, gold prices rose from Rs 71,525 at 99.50 to Rs 71,902, while without GST gold prices rose from Rs 71,825 at 99.90 to Rs 72,291. Mumbai silver prices were Rs 89200 without GST today and Rs 90811 today. Gold and silver prices in Mumbai were 3 times higher than this price including GST.

Meanwhile, platinum prices in the world market rose from 1028 to 1029 to 1061 to 1058 to 1059 dollars per ounce. Palladium prices rose from 968 to 969 to 994 to 995 dollars. Global copper prices rose by 1.04 percent today. Meanwhile, crude oil prices in the global market also saw a rise again today.

The price of Brent crude rose from 82.12 to 82.70 to 82.62 dollars per barrel. The price of US crude rose from 77.72 to 78.33 to 78.29 dollars. In the upcoming meeting of the OPEC organization, a decision is likely to be taken to continue the reduction in crude oil production for a long time.

Such a possibility was being discussed in the world market. Since the health of the King of Saudi Arabia is not good and the President of Iran also died recently, informants were expressing the possibility that the second meeting of OPEC in June will now be called online instead of personal presence.