look news india
Mumbai: Gold and silver prices continued to improve in the Mumbai jewelry market today. New sales in the jewelry market remained slow today due to the rise in the world market and low domestic demand. It is reported that the price of gold in the world market rose and crossed the high of $ 2400 per ounce. Meanwhile, in the Mumbai bullion market today, the price of gold without GST at 99.50 stood at Rs 68,525, at Rs 68,350 and at Rs 68,800 at 99.90.
While the price of silver in Mumbai increased from Rs 81,500 to Rs 82,200 to Rs 82,192 per kg without GST. The price of gold and silver in Mumbai was 3 percent higher than this price including GST.
In the jewelry market of Ahmedabad today, the price of silver increased by Rs 500 to Rs 82500 per kg, while the price of gold in Ahmedabad increased from Rs 71800 to 99.50 and Rs 72000 to 99.90. In the world market, the price of gold increased from 2387 to 2388 per ounce and the price increased from 2403 to 2404 to 2392 to 2394 dollars.
The two-day meeting of the Federal Reserve in the US will begin on Tuesday (today) and the decision on interest rate changes will be announced there on Wednesday. In view of this meeting, there was a discussion in the market today that the buying of funds has increased at lower levels in gold globally. Meanwhile, behind gold, global silver prices also rose from $ 27.92 to $ 27.93 an ounce to $ 28.19 to $ 28.20 to $ 28.06 to $ 28.07 an ounce.
Meanwhile, the price of dollar against rupee, which was at Rs 83.75 at market close on Saturday, declined by Rs 83.70 to Rs 83.73 today in Mumbai currency market. The price of British pound fell from a high of Rs 107.74 to Rs 107.88 after hitting a high of Rs 107.23 to Rs 107.47 from Rs 107.48. The price of euro was at Rs 90.74 to Rs 90.75 after rising to Rs 90.96 to Rs 90.64.
Indications were that the global dollar index was at 104.55 high and 104.13 low from 104.43 to 104.44. Meanwhile, global platinum prices rose from $944 to $945 an ounce, up from $940 to $941 an ounce. Palladium prices rose from 905 to 906 to 917 to 910 to 911 dollars. Meanwhile, crude oil prices remained under pressure in the global market.
Brent crude prices were down 81.13 at $80.54 to $80.583 a barrel. While US crude prices were down 77.16 at $76.53 to $76.97. New demand from China was slower than expected.
Meanwhile, the premium on gold in India compared to global prices stood at around Rs 3,000 per 10 gram, market sources said. Such premiums represented a 10-year peak.