Mumbai: Gold prices rose in Mumbai jewelery market today while silver remained soft. In the world market, gold prices ranged from 2173 to 2174, 2187 to 2188 dollars and a low of 2194 to 2195 per ounce. In the global market, dollar index and bond yields increased and selling of funds was seen due to the rise in global gold. Behind gold, global silver prices fell from $24.81 to $24.82 to $24.32 to $24.52 to $24.53 an ounce.
Today, the price of silver in the jewelery market of Ahmedabad in the domestic market was Rs 1000000 to Rs 75000 per kg, lagging behind the world market. In Ahmedabad, gold prices remained calm at Rs 99.50 at Rs 68,600 and Rs 99.90 at Rs 68,800 per 10 grams. Meanwhile, prices softened due to rising crude oil prices in the global market.
Platinum and palladium prices and global copper prices also witnessed a decline today. Crude oil reserves were increasing in America. The fall in crude oil had a negative impact on global gold prices. Brent crude oil prices fell from $86.87 per barrel to $85.17 to $85.81 per barrel.
US crude prices ranged from $80.55 to $81.22, off a low of $82.16. Global copper prices were soft by 0.57 percent. Platinum prices ranged from $908 to $894 to $895 to $896 an ounce. Palladium prices ranged from $978 to $984 to $985 an ounce.
Meanwhile, the government has directed importers to increase the dollar customs exchange rate to Rs 84 from Rs 83.75. Market experts said that as a result, the effective import duty on gold and silver imported into the country has increased. Gold prices in Mumbai bullion market rose in the afternoon after falling early today.
In Mumbai market, gold prices without GST opened at Rs 66,154, closed at Rs 66,449, closed at Rs 66,566, closed at Rs 99.90, closed at Rs 66,420, closed at Rs 66,834. Mumbai silver prices closed at Rs 74,279, up from Rs 73,997 at Rs 73,801 without GST.