Crude oil rises to around $76

Mumbai: Gold and silver prices rose in Mumbai’s jewelery market today. Market sources said that the import cost has increased due to the rise in the world market and the fall of the rupee against the dollar at the domestic level. Today in the jewelery market of Ahmedabad, the price of gold increased by Rs 300 per 10 grams from Rs 99.50 to Rs 79300 and from Rs 79500 to Rs 99.90. Whereas in Ahmedabad the price of silver increased by Rs 1000 to Rs 87500 per kg. Gold prices in the world market increased from 2624 to 2625 to 2647 to 2645 to 2646 dollars per ounce. The funds were active.

Behind gold, global silver prices also rose to $29.88 from $29.43 to $29.44 an ounce from $28.90 to $28.91 an ounce. As global crude oil prices continued to rise, its positive impact was seen on global gold prices. US crude oil inventories fell by 4.3 million barrels, compared with expectations of a decline of 2.0 million barrels. In the world market, the price of Brent crude increased from 75.80 to 75.70 dollars per barrel, while the price of American crude reached the highest level of 72.88 to 72.76 dollars.

Meanwhile, platinum prices in the world market rose to $923 an ounce from $921, and to $908 an ounce from $907. Palladium prices were higher at $920 to $921 from $923. Copper prices remained soft by 0.20 percent.

Meanwhile, at the Mumbai Bullion Exchange today, gold prices without GST were at Rs 99.50, at Rs 76,776, while at Rs 99.90, gold at Rs 77,079 was at Rs 76,583. Mumbai silver prices increased from Rs 86055 to Rs 87167 without GST. Gold and silver prices in Mumbai were 3 percent more than this price including GST.