look news india
Mumbai: In the Mumbai jewelery market today, gold prices stopped rising and remained on the decline, while silver prices rose further. There are signs of retreat in rising gold prices in the global market. Global crude oil prices were also on a sharp decline. However, global silver prices continued to rise today.
Meanwhile, in view of the elections, instructions have been given to keep the Ahmedabad jewelery market closed. In the world market, gold prices ranged from 2317 to 2318, at a high of 2329 and at a low of 2310, at 2316 to 2317 dollars an ounce. As the global dollar index rose and bond yields rose, China's new purchases slowed down. Selling by funds was seen in global gold.
There were signs of a slowdown in gold purchases in China in the month of April as the rapid growth of gold reserves in China reached a record level. Global crude oil prices also fell from their highs, which impacted global gold prices.
Meanwhile, in Mumbai bullion market today the price of gold without GST was Rs 71381 per 10 grams at 99.50, while the price at 99.90 was Rs 71816 per 10 grams. Mumbai silver prices rose to Rs 81,661 from Rs 81,292 per kg without GST. Gold and silver prices in Mumbai were 3 percent more than this price including GST.
In the global market, silver prices ranged from 27.11 to 27.51 to 27.37 to 27.38 dollars an ounce. Global platinum prices rose from $964 to $977 while palladium rose from $962 to $975. However, global copper prices were down 0.80 per cent from today's high.
Meanwhile, crude oil prices fell in the global market due to fresh demand. The price of Brent crude was $ 82.97 as against $ 83.52 per barrel. US crude prices were at $78.11 against $78.76. The ongoing talks and discussions regarding the conflict and ceasefire between Israel and Hamas were monitored.
