Mumbai: The import cost of precious metals increased due to the fall of the rupee in the money market and the dollar strengthened, which led to the rise in jewelery markets today. In the Ahmedabad jewelery market, the price of gold increased by Rs 200 per 10 grams to Rs 85,000 to Rs 85,300 at 99.50 and Rs 85,300 at 99.90, while the silver price in Ahmedabad increased by Rs 500 per kg to 99.90. 93,000 Rs. The rupee fell in the money market today and the dollar reached the level of Rs 87.
Gold reached a new height of Rs 85,300 in Ahmedabad today. Meanwhile, gold prices in the global market stood at a minimum level of $ 2,772 an ounce and the highest level of $ 2,804, which was within the range of $ 2,802 to $ 2,803. Global silver prices also lagged behind gold, with a minimum price of $ 30.69 and maximum price was $ 31.46, between $ 31.30 to $ 31.31.
Today, due to the increase in crude oil prices by two to two and a half percent on the global level, there was a discussion in the world markets that shopping from funds has increased again, which has reduced gold prices globally. Crude oil prices increased in the global market after the tariff war launched by US President Trump. Crude oil prices increased in the global market in view of the tariff war. Experts were expressing apprehension of global supply crisis due to tariff war.
The news of the attack on a major Russian oil plant by Ukraine also affected the global oil market. In the global market, the price of Brent crude increased from $ 77.34 per barrel to $ 76.92 per barrel, while the price of US crude oil increased from $ 75.18 to $ 74.41 per barrel. Gold prices in the global market recently rose between $ 2,809 to $ 2,810. Experts were predicting a decrease in oil supply from Canada and Mexico to the United States due to tariff war.
Meanwhile, the price of gold in the Mumbai bullion market today was Rs 82,333 for Rs 99.50, Rs 81,900 for Rs 99.90 and Rs 82,200 for Rs 99.90, while the price of silver in Mumbai was Rs 93,313 for Rs 93,313 for Rs 92,700 except GST. Platinum prices in the global market stood between $ 973 to $ 974 an ounce, with a minimum price of $ 961 and maximum price of $ 985. Palladium was priced at $ 1,027. However, globally copper prices fell by one percent today.
