Saturday , January 11 2025

Gold suffered a setback and then bounced back

Mumbai: Gold and silver prices rose again in Mumbai's jewellery market today. The news of the world market was again bullish. Behind the world market, jewellery markets were also set up at home. There were indications in the world market today that the price of gold rose to $ 2,324 to $ 2,325 after reaching a low of 2,316 to 2,317 to 2,296 per ounce.

The fall in the global dollar index and bond yields led to talks that global gold buying by funds had slowed down, which has increased again. Meanwhile, domestically, gold prices rose by Rs 50 per 10 grams to Rs 73,500 at 99.50 and Rs 73,700 at 99.90 in the Ahmedabad jewellery market.

Meanwhile, silver prices in Ahmedabad today fell by Rs 1,000 to Rs 89,500 per kg. In the international market, the price of silver rose from $28.95 to $28.96 per ounce to $28.68 per ounce and rose from $29.15 to $29.16 per ounce. In Mumbai bullion market today, the price of gold without GST stood at Rs 71,105 at 99.50 and Rs 70,982 at 99.90 and Rs 71,267 at 99.90.

Mumbai Silver prices rose from Rs 86944 to Rs 87043 without GST. Gold and silver prices in Mumbai were 3% higher than this price including GST.

Copper prices rose by 0.31 per cent in the world market today. Platinum prices rose from 1006 to 1017 dollars. However, palladium prices remained at a low of 919 to 938 to 939 dollars and 950 to 951 per ounce. Global crude oil prices were stable. Crude stocks in the US were expected to increase.

In the world market, Brent crude prices were at a high of $ 85.37 per barrel from $ 86.06 to $ 85.87. While US crude prices rose from $ 81.31 to $ 81.66 to $ 81.40.