Mumbai: Gold and silver prices rose in Mumbai's jewellery market today. Global market news showed strength. As a result, domestic import costs increased. As the inflation rate in the United States fell to a 6-month low, there was a possibility of interest rate reduction, as global bond yields and dollar index fell and funds were said to be buying more. Global Gold.
In the global market today, the price of gold was at $ 2324 to 2325 per ounce, high at 2339 to 2340 to 2335 to 2336. Meanwhile, in the domestic market, the price of gold in Ahmedabad jewellery market rose by Rs 500 to Rs 99.50 to Rs 74,000 and Rs 99.90 to Rs 74,200 per 10 gram, while the price of silver rose by Rs 500 to Rs 90,000 per kg. Silver prices today also fell by Rs 29.15 to 29.16 to 29.51 to 29.42 to 29.43 per ounce following the global markets.
Meanwhile, in Mumbai bullion market, gold price without GST at 99.50 rose from Rs 71,105 to Rs 71,547 and at 99.90 from Rs 71,835 to Rs 71,391. While Mumbai silver price without GST rose from Rs 87043 to Rs 88000. Gold and silver prices in Mumbai were 3 percent higher than these prices including GST.
The price of platinum in the world market increased from 1006 to 1007 to 1017 to 1014 to 1015 dollars. Palladium prices increased from 938 to 939 and remained at 973 to 974 dollars. The global price of copper increased by 1.37 percent today.
Market experts say that the increase in crude oil in the world market has a positive effect on gold and the increase in global copper has a positive effect on the price of silver. The price of Brent crude in the world market increased from 85.87 to 87.22 to 86.78 dollars per barrel. The price of American crude increased from 81.40 to 82.72 to 82.06 dollars.