look news india
Mumbai: Mumbai Jewelry Market witnessed a mixed trend today. Gold prices remained high while silver prices remained soft. Gold prices in the world market were in the range of 2631 to 2632 to 2624 to 2625 dollars and the highest range was 2621 to 2622 per ounce. There are indications in the global market that despite the dollar index rising again and bond yields rising, global funds are still buying gold.
Meanwhile, following the global market, gold prices in the Ahmedabad jewellery market rose by Rs 500 per 10 grams to Rs 76,800 per 99.50 and Rs 77,000 per kg, while Ahmedabad silver prices fell by Rs 500 to Rs 88,000 per kg.
Meanwhile, silver prices fell from 31.18 to 30.35 to 30.78 to 30.79 dollars per ounce in the global market today. Global copper prices were soft by 0.39 percent. Global platinum prices were at a lower level of 980 to 954 to 963 to 964 dollars per ounce. Palladium prices were at 1070 to 1040 to 1054 to 1055 dollars. There was news that short-term interest rates have been cut in China. Despite the possibility of announcement of more stimulus packages there, market insiders were surprised by the softening of commodity prices in the global market.
Meanwhile, gold prices in Mumbai bullion market rose from Rs 74,100 at 99.50 to Rs 74,169, silver from Rs 74,400 to Rs 74,533 at 99.90. Mumbai silver prices rose from Rs 88750 to Rs 87756 without GST. Gold and silver prices in Mumbai were 3 percent higher than this price including GST. Meanwhile, one-sided fluctuations are being seen in the prices of crude oil in the world market.
Brent crude prices were in the range of $74.18 to $74.41 a barrel after hitting a high of $75.13 to $74.49. US crude prices were in the range of $71.68 to $71.30 and $70.71 to $71.30. Last week's rise in crude oil prices was the biggest weekly gain since April.