Ahmedabad Gold crosses Rs 72,000, new record: Silver Rs 79,000

Ahmedabad, Mumbai: Gold and silver prices hit a new high in the jewelery market in Ahmedabad, Mumbai today as the record rally continued. A new record was created after the price of gold increased further in the world market and crossed the level of $ 2300 per ounce. As the global market continues to rise, domestic import costs have increased sharply and this has led to a bullish trend in the jewelery markets.

A new history of bullishness was created when today the price of gold in the jewelery market of Ahmedabad increased by Rs 500 per 10 grams to Rs 7200 at 99.50 and Rs 72200 at 99.90. Ahmedabad Silver price today increased by Rs 500 per kg to Rs 79 thousand.

In the world market, gold prices increased from 2304 to 2305 to 2287 to 2288 dollars per ounce. Behind gold, global silver prices also rose by $27 to $27.33 to $27.34 from $26.95 to $26.96 an ounce. As US services sector data weakened and business activity growth slowed, funds continued to buy gold amid a decline in the dollar index and bond yields in the world market. Unemployment claims in the United States increased by nine thousand today to 2 lakh 21 thousand, again showing signs of weakness in the job market.

Meanwhile, copper prices increased by 0.80 percent in the global market. There, platinum prices rose from $944 to $937 to $938 an ounce, while palladium prices rose to $1027 from $1026. However, crude oil prices continue to fall in the world market. Brent crude was down from $89.79 a barrel to $88.98 to $89.06, while US crude was down to $85.70 a barrel from $85.08 to $85.10. New demand slowed down.

Meanwhile, gold prices in Mumbai bullion market today rose from Rs 69086 to Rs 69656, from Rs 99.50 to Rs 69622, from Rs 69936 to Rs 69902, from Rs 69364 to Rs 99.90. Mumbai silver price today stood at Rs 79337 without GST as against Rs 77594. Gold and silver prices in Mumbai were three percent more than this price including GST.