look news india
Mumbai: Gold prices broke records in Mumbai jewelery market today and retreated from the highs. While silver continued to strengthen. World market news showed gold falling from heights. Globally, gold prices were at a low of $2346 to $2347, $2327 to $2338 to $2339 an ounce.
As inflation in the US rose higher than expected, there was now a possibility of a reversal of the expected cut in interest rates, while the dollar index rose globally, prompting increased fund selling due to a surge in global gold. Lagging behind the world market, the record boom in the jewelery market in the domestic market also stopped today.
In Ahmedabad market, the price of 10 grams of gold was Rs 99.50 at Rs 74000 and Rs 99.90 at Rs 74200. Whereas the price of silver in Ahmedabad was Rs 82000 per kg. In the global market, the price of silver decreased from 27.70 to 27.94 to 27.95 dollars an ounce.
The price of platinum in the world market was $ 971 per ounce. The price of palladium was 1074 dollars. In Mumbai bullion market, without GST, gold prices rose by Rs 99.50 from Rs 71,544 to Rs 71,535. While the price of 99.90 was Rs 71832 to Rs 72048 to Rs 71823. Mumbai silver prices rose from Rs 82,100 to Rs 82,468 to Rs 82,343 without GST.
The price of Brent crude was $ 90.70 per barrel from a low of 89.33 to $ 90.06. While the price of US crude oil was at a low of 86.60 from 85.13 to 85.89 dollars. Late in the evening, globally there are indications of gold falling to $2324 to $2325 and silver falling to $27.69 to $27.70.
Meanwhile, news has come that the government has decided to limit trading in the futures market of gold and copper in China. There was news that these new rules will come into effect from April 12.