Gold rises by Rs 500, silver by Rs 1500

Mumbai: Gold and silver prices rose in Mumbai's jewelery market today. Domestic import costs rose sharply overnight as world markets rallied further. However, the government increased the effective import duty by increasing the tariff value used as the benchmark for calculating the import duty on gold and silver imported into the country.

Today there was a rise in the jewelery markets of the country in the global market. As the bond yields and dollar index came under pressure in the world market, funds' purchases in global gold increased, the price of gold in the world market reached the highest level of $ 2362 to 2363 per ounce and reached close to $ 2400 and 2397. happened. From 2398 to 2382 to 2383 dollars.

Behind gold, global silver prices also rose from $28.76 to $28.77 an ounce at $29.84 to $29.85 from $29.56 to $29.57 an ounce.

Meanwhile, domestic gold prices rose by Rs 500 per 10 gram to Rs 99.50 at Rs 75,700 at the Ahmedabad jewelery market today, while silver prices rose by Rs 1,500 to Rs 85,500 per kg in Ahmedabad. Meanwhile, in the global market, platinum prices ranged from $1041 to $1042 to $1092 to $1065 to $1066 an ounce.

Palladium prices ranged from a high of 990 to 991 times $1022 to $1017 to $1018. However, global copper prices fell by 0.73 per cent today. Meanwhile, instructions have been received from the Government of India that the tariff price of gold has been increased from $751 to $758 per 10 grams and the tariff price of silver has been increased from $886 to $919 per kilogram.

Market insiders said this has also led to an increase in effective import duty. In Mumbai bullion market today, gold prices rose from Rs 72642 to Rs 73144 at 99.50 and from Rs 72934 to Rs 73438 at 99.90, while silver prices in Mumbai rose to Rs 84505 from Rs 86230 without GST.

Gold and silver prices in Mumbai were 3 percent more than this price including GST. Meanwhile, the prices of crude oil also increased in the world market today. Brent crude prices ranged between $83.25 and $83.11 a barrel, hitting a high of $81.82.