look news india
Mumbai: After absorbing the shock, the prices of gold and silver increased again in the jewelery market of Mumbai. A positive impact was seen on the jewelery market due to the weakening of the rupee and rising dollar in the currency market. However, gold prices in the world market continued to fluctuate amid sideways movement today. The leaders of the world market had their eyes on the Federal Reserve meeting in America.
Meanwhile, gold prices rose by Rs 400 to Rs 79,100 per 10 gram from Rs 99.50 and Rs 79,300 to Rs 99.90 per 10 gram in Ahmedabad jewelery market today. The price of silver in Ahmedabad was Rs 90 thousand per kg. In the world market, gold prices ranged from $2645 to $2651 per ounce and below from $2642 to $2643 per ounce.
Meanwhile, global silver prices stood at $30.36 an ounce. The price of platinum was $933. The price of palladium was $928. A surprising situation was created in the world market due to high prices of platinum and low prices of palladium. Global dollar prices were up 0.18 percent today. Meanwhile, crude oil prices increased in the world market. The American Petroleum Institute said that crude oil reserves in America have decreased by 47 lakh barrels.
After this, the price of American crude increased from 70.74 to 70.70 dollars per barrel, while the price of Brent crude remained at a high level of 73.82 to 73.72 dollars. Meanwhile, gold prices in the bullion market today rose by Rs 76351 and Rs 99.90 to Rs 76658 without GST. Whereas in Mumbai the price of silver without GST became Rs 89060.
Meanwhile, market sources said effective import duty increased as the government increased the tariff value used as the benchmark for calculating import duty on gold and silver imported into the country. Such tariff value has been increased from $850 per 10 grams of gold to $864 in dollar terms. When the news was received that the price of silver was 978 to 1036 dollars per kg.
