look news india
Mumbai: A fall in the prices of gold and silver was seen in the Mumbai jewelery market today. As soon as Holashtak started, new demand in the market slowed down. As world markets fell, there was selling domestically. Gold prices in the world market decreased from 2162 to 2163 to 2147 to 2157 to 2158 dollars per ounce.
There was talk of increasing selling of funds in global gold due to increase in bond yield and dollar index in the world market. However, market experts say that today the rupee depreciated in the Mumbai currency market and the dollar crossed the Rs 83 level against the rupee, limiting price cuts in the jewelery market in the country.
Today the dollar strengthened by 12 paise against the rupee and the rupee declined by 0.14 percent. The price of dollar increased from Rs 83.05 to Rs 83.04.
In the world market, the global dollar index rose by 0.45 percent and crossed the high of 104.04 from 104.05. The pound fell by 37 paise and the euro by 39 paise. The Japanese currency declined 0.85 percent. Whereas China's currency increased by 0.13 percent.
Meanwhile, gold prices fell by Rs 300 per 10 gram to Rs 67300 from Rs 99.50 and Rs 99.90 to Rs 67500 in the Ahmedabad jewelery market today. Whereas in Ahmedabad, silver prices remained calm at Rs 74 thousand per kg.
In the global market, the price of silver ranged from 24.80 to 24.92 to 24.93 dollars and was at a low of 25.31 dollars an ounce. Global platinum prices fell to Rs 899 an ounce from Rs 926 to Rs 927 to Rs 901 to Rs 902. The price of palladium was $999. Palladium prices recently reached a high of over $1100, after which there was a sharp decline. Palladium prices fell by about 3.5% today.
In Mumbai bullion market, gold prices without GST fell to Rs 65,326 at 99.50 and Rs 65,589 at 99.90. Mumbai silver prices fell to Rs 73844 without GST. Crude oil prices continue to rise in the world market. The price of Brent crude increased from 87.04 to 86.79 dollars per barrel. US crude prices were as high as $82.91 to $82.59.