look news india
Mumbai: Gold prices continued to fall in the Mumbai jewelery market today, while silver prices rose after recovering from the shock. World market news showed a rapid recovery from falling prices. There were indications that gold prices in the world market increased from $ 1991 to 1992 per ounce to $ 1998 to 1999.
Global buying of gold by short funds increased. There was talk of resumption of fall in gold globally due to signs of recession in the economy of Japan and Britain. Behind gold in the global market, silver prices also rose from $ 22.03 to $ 22.04 an ounce and from $ 22.69 to $ 22.70 an ounce.
Just behind the global market, silver prices fell by Rs 1,500 to Rs 71,500 per kg in the Ahmedabad jewelery market. However, gold prices in Ahmedabad fell by Rs 300 per 10 gram to Rs 63500 from Rs 99.50 and to Rs 99.90 from Rs 63700.
Platinum prices in the world market today ranged from $902 to $899 to $900 high at 886 to 887 an ounce. Palladium prices rose from $876 to $877 to $974 to $968 to $969. Global copper prices rose 0.73 percent today.
Meanwhile, crude oil prices in the global market stopped rising today and then fell. Brent crude prices ranged from $80.72 to a low of $83.02 at $81 a barrel. US crude prices were up 78.07 mcha from $75.78 to $76.05.
According to the Energy Information Administration, crude oil reserves in the United States have increased by 120 million barrels. An increase of 26 lakh barrels was expected. Thus, crude oil prices were under pressure in the global market amid a much higher than expected rise in stocks.
Meanwhile, in Mumbai bullion market today, gold prices without GST increased from Rs 61,344 per 99.50 to Rs 61,262 per Rs 61,590 per Rs 61,454 per Rs 99.90. Mumbai silver price increased by Rs 69150 to Rs 70203 without GST. Gold and silver prices in Mumbai were 3 percent more than this price including GST.