look news india
Mumbai: Mumbai’s jewelery market remained officially closed today as it was Saturday. However, gold and silver prices continued to fall in the closed market. New demand was slow but Manas had to be sold to the world market. Prices remained under pressure in the country’s jewelery markets as prices continued to fall in the global market as domestic import costs came down.
The price of gold in the world market fell from 2671 to 2672 to 2646 per ounce. At the end of the week the price was reported to be $2648 to $2649. There is news of continued selling of funds in global gold due to high dollar index in the global market. It was reported that the global dollar index crossed the high of 107.19 to 106.95 from 107.19.
Meanwhile, behind Vishwabazar, gold fell by Rs 500 per gram to Rs 78,800 and Rs 99,000 per kg in Ahmedabad jewelery market at Rs 89,500 per kg. There are indications of gold price falling by Rs 1700 and silver price falling by Rs 4000 in Ahmedabad market in two days.
The news was that the price of silver was behind gold in the global market, which was $ 30.56 per ounce last year, the price of gold has increased by 30 percent in 2024 and this year’s annual price increase is the biggest price increase in the past. Ten years, World Gold Council sources said. Even in the new year 2025, experts were predicting the possibility of price increase.
There was a possibility of further increase in the prices of crude oil in the world market. Brent crude prices touched a high of $73.90 to $74.59 a barrel and ended at $74.49, while US crude prices touched a high of $71.29 from $70.50 to $71.44.
Meanwhile, the dollar rose from Rs 84.79 to Rs 84.86 in the Mumbai currency market today. In the global market, platinum price fell from 937 to 938 to 919 per ounce and finally the price went from 926 to 927 dollars. Palladium prices ranged from a low of $977 to $978, a low of $950, and a high of $956 to $957. Global copper prices were last down 1.12 per cent.