Mumbai: Gold and silver prices rose in Mumbai jewelery market today. Market insiders said the import cost of precious metals has increased due to the rise in the global market and depreciation of the rupee against the dollar domestically. There was talk of increased buying by funds in global gold due to increase in the price of crude oil in the global market and fall in dollar index.
Meanwhile, gold prices rose by Rs 100 to Rs 99.50 per 10 gram from Rs 78,700 and Rs 78,900 to Rs 99.90 in Ahmedabad jewelery market today. Ahmedabad silver price was Rs 88 thousand per kg. In the world market the prices rose from $2616 to $2617 to $2630 to $2625 to $2626. Behind gold, global silver prices ranged from $29.66 to $29.67 an ounce, while silver ranged from $29.76 to $29.69 to $29.70 an ounce.
In Mumbai bullion market, gold prices without GST were Rs 99.50, Rs 75,700, Rs 76,030 and Rs 99.90, Rs 76,336. Mumbai silver prices without GST ranged from Rs 87650 to Rs 88040. Gold and silver prices in Mumbai were 3 percent higher including GST.
Meanwhile, platinum prices in the world market fell from 937 to 942 to 943 dollars. Global copper prices remained higher by 0.62 percent. Crude oil prices rose in the world market. Brent crude prices were as high as $74.04 to $73.97 per barrel. There were instructions for encouragement in China. The American Petroleum Institute said that crude oil reserves in America have decreased by 32 lakh barrels. After this it was discussed that the rise in crude oil has received support.
