Saturday , November 23 2024

Gold rises as Russia-Ukraine war tensions increase: Crude also rises

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Mumbai: Gold prices continued to rise in the Mumbai jewelery market today while silver prices remained soft after opening higher. The news from the world market was fast. As the war between Russia and Ukraine escalated and crude oil prices rose, the world market saw active buying by funds in gold.

In the world market, gold prices ranged from 2673 to 2667 to 2668 dollars and the highest level was 2624 to 2625 per ounce. Behind gold, global silver prices rose by Rs 30.85 an ounce to Rs 31.31 an ounce from Rs 31.05 an ounce. At the Ahmedabad jewelery market, gold prices rose by Rs 300 per 10 gram to Rs 78,300 at Rs 99.50 and Rs 99.90 an ounce. Done. 78500 left. Ahmedabad silver price was Rs 91500 per kg. Meanwhile, crude oil prices rose in the global market today.
Global Brent crude prices rose to $74.32 to $74.20 a barrel from $73.50. While US crude prices were at a high of $67.74 and ranged from $70.32 to $70.19. In Mumbai bullion market, gold prices rose by Rs 99.50 to Rs 76,624 without GST from Rs 75,340. The price of 99.90 was Rs 75540 and Rs 76932.

Whereas with GST the prices were 3 percent more than this price. Mumbai silver prices rose from Rs 90,545 to Rs 90,620 to Rs 90,317 without GST.

Meanwhile, today the price of dollar in the currency market reached Rs 84.50 against the rupee. The price of palladium in the world market was $ 1027 per ounce. Whereas the price of platinum was 960 dollars. Global copper prices were soft by 0.47 percent.