look news india
Ahmedabad, Mumbai: Today, gold and silver prices reached new record highs due to the rise in the global market. As the price of gold in the world market increased and crossed the level of $ 2200 per ounce, a new record of bullishness was created in the Ahmedabad gold and silver market. Trailing the global market, domestic prices also witnessed a rise due to rising import costs. A new history was created today in the jewelery market of Ahmedabad when the price of gold increased by Rs 1300 from Rs 99.50 to Rs 68800 and from 99.90 to Rs 69000. Ahmedabad Silver price today increased by Rs 500 per kg to Rs 75 thousand. Now the market players were eyeing the price of Rs 70 thousand.
In the world market, the price of gold jumped sharply from 2154 to 2155 dollars an ounce, crossed 2200 dollars and reached a new record of 2220 to 2221 dollars and reached 2205 to 2206 dollars an ounce.
The US Federal Reserve did not make any change in interest rates in Wednesday's meeting, but after hinting at cutting interest rates thrice this year, global experts were predicting the possibility that interest rates would be cut in the meeting to be held in June. This increased funds' buying of gold globally.
Global gold prices have risen due to the fall in US bond yields and the fall in the global dollar index. Meanwhile, on the back of gold, global silver prices also rose from $24.84 to $24.85 to $25.78 to $25.39 to $25.40 an ounce. Platinum prices were at $918 while global palladium prices were at $1034 an ounce. Global copper prices were 0.57 percent higher today.
In Mumbai bullion market today, the price of gold without GST increased from Rs 99.50 to Rs 65426 to Rs 66700 to Rs 66646 and from Rs 99.90 to Rs 66968 to Rs 66914 to Rs 65689. , Gold prices in Mumbai were 3 percent more than this price including GST. Mumbai silver price rose from Rs 73,886 to Rs 75,448 without GST at Rs 75,045. Mumbai silver prices were increased by 3 percent from this price.
However, the prices of crude oil in the world market are witnessing a rapid decline from their highs. There was talk of increasing exports from Russia. Brent crude oil prices declined to $85.36 to $85.83 per barrel from $86.31. US crude prices ranged from $80.68 to $81.14, off a low of $82.50. Global crude oil prices have shown signs of a rebound after recently reaching their highest level in four months.
Meanwhile, in the currency market today, the dollar touched a high of Rs 83.17 and touched a high of Rs 83.04 per dollar at Rs 83.15. The global dollar index fell to 103.49 from 103.17 today. In the Mumbai market, the British pound rose by 64 paise to Rs 106.20 and the euro rose by 61 paise to Rs 90.76. The Japanese currency gained 0.36 percent while the Chinese currency witnessed a slow decline.