Mumbai: Bullion market remained officially closed due to Saturday in Jhaveri market in Mumbai. However, gold prices recovered from the shock of the closed market and increased again, while the silver prices continued to rise. The news of the world market was encouraging. The prices of precious metals in the country’s jewelery markets today saw a rise in global markets.
In the Ahmedabad jewelery market, gold prices rose by Rs 100 today. 700 rupees per 10 grams. 99200 for 995 and Rs. The price of Ahmedabad silver rose by Rs 999 to Rs 99500. Rs 500 per kg to Rs. There were reports that the price of gold in the global market increased from $ 3,350 an ounce to $ 3,351 an ounce to $ 3,365 an ounce and at the end of the week it had reached $ 3,357 to $ 3,358 an ounce.
With the declaration of new tariffs and trade war in the global market by US President Trump, there have been indications of renewed bounce in the purchase of gold as a globally safe investment. The fall in the global dollar index also had a positive impact on global gold prices.
The global dollar index fell to a low of 99.05 and was last seen at 99.10. Silver prices in the global market were also in line with gold, which increased from $ 33.11 an ounce to $ 33.12 an ounce, then $ 33.54 and finally from $ 33.47 to $ 33.48.
The dollar rate fell to about 100 rupees against the rupee against the rupee in the Mumbai currency market. From Rs 85.18 Sources said that the rupee reached 85.28 at the end of business today, according to the global market.
Meanwhile, the price of gold at the Mumbai bullion market today was spoken for Rs 95,089 for 995 and Rs 95,650 for 999 (except GST), while the price of Rs 95,471 for 999 was spoken around Rs 96,050, while the price of Mumbai silver was Rs 96,909 (except GST).
Platinum prices rose to $ 1,097–1,098 an ounce in the global market, while Paladium prices reached a highest level of $ 1,018 and closed at $ 999–1,000.
Crude oil prices also increased in the world market. Brent crude prices rose from $ 63.68 per barrel to $ 65.25 and were last $ 64.78. The number of oil producing rigs in the US was expected to decrease by about 10 rapidly. In a year, this decrease has been from 34 to 35 rigs.
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