look news india
Mumbai: Bullion market was officially closed today in Mumbai's jewellery market due to Saturday. However, gold and silver prices fell sharply in the closed market following the global market. As the world market declined, as the domestic import cost declined, there were more sellers and fewer buyers in the jewellery market. The price of gold in the world market fell from 2363 to 2364 per ounce to 2316. Finally, the price was indicated to be 2321 to 2322 dollars at the end of the week.
Due to the increase in the dollar index and bond yield in the world market and the fall in crude oil, there was talk that the selling of funds has increased due to the rise in gold globally. After the world market today, the price of gold in the jewelry market of Ahmedabad fell by Rs 950 per 10 grams to Rs 99.50 to Rs 74000 and Rs 74200 per 99.90 grams. Ahmedabad silver prices today fell by Rs 3000 to Rs 88500 per kg. After gold in the global market, the price of silver also fell from 30.28 to 30.29 to Rs 29.46 per ounce. Meanwhile, due to the increase in the dollar index in the world market, the price of dollar in the domestic currency market today closed the market, increasing from Rs 83.53 to Rs 83.54 to Rs 83.60 to Rs 83.61.
Meanwhile, in the global market, platinum prices fell from a low of 1001-1002 to close at $976 and high of $994-995 an ounce, while palladium fell from a low of 974-975 to 926 to close at $954-955 an ounce. Global copper prices were last down 2.09 per cent.
The price of crude oil also fell in the world market. There was talk of increasing production in Brazil. Brent crude prices touched a low of 85.70 per barrel to 84.84 and remained at $ 85.24, while US crude prices remained at a low of 81.30 per barrel to 80.35 to 80.73 dollars.
In Mumbai bullion market today, the price of gold without GST at 99.50 stood at Rs 72455 and Rs 71355, while gold at 99.90 stood at Rs 72746 and Rs 71675. The price of silver in Mumbai stood at Rs 90,666 and without GST at Rs 88,700.
Gold and silver prices in Mumbai were three per cent higher than this price including GST. Meanwhile, the global dollar index hit a five-week high for the longest such rally since February, global analysts said. There was talk in the market that the fall in Japan's currency supported the global dollar rally.