look news india
Mumbai: There was a slow decline in the prices of gold and silver in Mumbai jewelery market today. World market news was indicating a retreat. Prices in the jewelery market remained under pressure due to fall in the world market and fall in the value of the dollar against the rupee in the domestic currency market, as the import cost of precious metals in the country came down.
Gold prices in the world market fell from $2650 to $2651 an ounce to $2613 to $2640 to $2641 an ounce. Selling by high-heading funds in gold increased in the world market today due to rising global dollar index and falling crude oil prices. Behind gold, global silver prices were lower at $30.90 to $31.21 an ounce.
Domestically, silver prices fell by Rs 300 to Rs 91,200 per kg in the Ahmedabad jewelery market. In Ahmedabad, gold prices stood at Rs 99.50 at Rs 78,800 and Rs 99.90 at Rs 79,000 per 10 grams. Global platinum prices were lower at $939-940 against $934. Global copper prices rose 0.95 percent today. Meanwhile, global crude oil prices witnessed a decline.
Crude oil prices retreated due to lack of new demand in the world market, despite OPEC countries deciding to now implement from April the production increase that started in January. Brent crude prices were lower at $71.32 to $71.56 a barrel, while US crude prices were lower at $67.55 to $67.76 a barrel. However, there has been news of crude oil reserves in America decreasing by 50 to 51 lakh barrels.
Meanwhile, at the Mumbai bullion market today, gold prices fell by Rs 99.50 to Rs 75,847, last seen at Rs 75,882 excluding GST, while gold prices fell by Rs 99.90 to Rs 76,152, last seen at Rs 76,187. Were seen. Mumbai silver price without GST was Rs 90820. Gold and silver prices in Mumbai were 3 percent more than this price including GST.