Ahmedabad silver fell by Rs 5,500 and gold by Rs 900 in two days

Crude rises to twelve-month high

US crude oil stocks fell 4.3 million barrels: Crude oil prices likely to rise from 63 to $ 65

In the Mumbai gold-silver market, the fall in prices of both the precious metals continued at a rapid pace today. World market news was showing a new bang in prices. As the world market collapsed, import prices fell and there were indications that there were more sellers and fewer buyers at falling prices in the spot market.

Meanwhile, in the Ahmedabad jewelry market, silver prices fell further by Rs 2,500 per kg to Rs 67,500 today. In the Ahmedabad market, silver fell by Rs 5,500 in two days.

In the Ahmedabad market today, gold prices fell by Rs 500 per 10 grams to Rs 49,600 from Rs 99.50 and Rs 49,800 from Rs 99.90. In the Andavad market, gold prices have fallen by Rs 900 in two days. Gold prices in the world market fell from 1843 to 1844 per ounce, from 3 1834 to 35 1835. The dollar index rose against the basket of various currencies in the world market and jumped to the level of 91 again.

 Analysts said the rise in the dollar in global markets has led to an increase in the sale of funds in gold globally. There was talk in the world market today that global stock markets were also bouncing and investing in gold was shifting to stocks. Meanwhile, silver in global markets also fell by $ 27.64 an ounce to $ 26.65 an ounce from $ 26.60 this evening to .6 26.69 to $ 26.70.

 Platinum prices fell from $ 1103 to $ 1104 today, from $ 1095 to $ 1096, while palladium prices from 2167 to 22 2256 to $ 2257 were quoted today.

Meanwhile, in the Mumbai market today, gold price excluding GST was Rs 99.50 at Rs 48,170 and Rs 47,784 at Rs 99.90. 48364 with Rs. 47976 while silver closed at Rs. 67496 with Rs. 70302. The prices of these two precious metals were 3% higher than this with GST.

In the Mumbai currency market, the dollar touched a low of Rs 72.92 and a high of Rs 72.98 against the rupee in the previous session. However, the British pound fell from Rs 99.81 to Rs 99.72 to Rs 99.53 to Rs 99.54 and the euro from Rs 87.84 to Rs 87.68 to 87.96 and the Japanese yen remained weak.

Meanwhile, world crude oil prices rose further today, with crude oil prices rising more than half a percent this evening to 55.09 a barrel from New York crude and $ 57.95 a barrel from Brent crude. Prices hit a twelve-month high. According to the crude producing countries, the supply of crude oil will be kept under control this year.

According to the American Petroleum Institute, stocks of crude oil in the United States have fallen by 4.3 million barrels. Such stock was expected to rise by about four and a half million barrels, but in fact, the stock fell by 4.3 million barrels. The stock of gasoline there has also declined by 2 lakh 40 thousand barrels.

Earlier this year, crude oil prices were expected to rise from $ 63 to $ 65. In Russia, however, production has increased. While production in Kazakhstan has declined. Demand for this specialty has grown significantly as a result of recent corporate scandals. Meanwhile, gold imports to India rose by about 154.70% in January, though the trade deficit narrowed, according to government sources.