Crude oil rises above $93

Crude Oil: Gold and silver prices continued to fall in the jewelery market of Mumbai today. As the world market declined, domestic import costs declined and in the jewelery market, there were more sellers and fewer buyers in the falling market. Increase in inflation in America increased the possibility of further increase in interest rates, increase in dollar index and bond yield in the world market indicated increase in selling of funds in global gold. Meanwhile, the price of crude oil in the global market crossed the level of $ 93 per barrel today. Gold prices today in the world market were $1 an ounce from 1905 to 1907 to 1908, and were as low as 1912 to 1913. Behind gold, global silver prices fell from $22.95 to $22.47 to $22.60 to $22.61 an ounce. In the domestic market, today the price of silver fell by Rs 1000 per kg in Ahmedabad market and reached Rs 71000. In Ahmedabad, gold price fell by Rs 100 per 10 gram to Rs 60,400 from Rs 99.50 and Rs 60,600 from Rs 99.90.

Meanwhile, platinum and palladium prices rose in the global market today. The price of platinum was from 900 to 900 and 911 to 905 to 906 dollars per ounce. Palladium prices increased from $1270 to $1261 to $1262. Meanwhile, crude oil continued to rise today. Crude oil inventories in the US increased amid low global supply, but prices surged. As China reduced the cash reserve requirement ratio for banks, its impact was also seen positively on crude and copper prices. Brent crude rose $93 a barrel to $93.29 from $93.32, while US crude rose $90 to $90.01 from $90.04. Such a rise was last seen in the month of November last year. Although US crude oil stocks were expected to fall by 19 to 20 million barrels, instead of a rise, the stock actually increased by 40 million barrels. In Mumbai bullion market today, gold prices without GST were at Rs 99.50, Rs 58,462, Rs 58,556 and at Rs 99.90, Rs 58,697, at Rs 58,791. Mumbai silver prices rose from Rs 70925 to Rs 70306 without GST.