look news india
Mumbai: Gold and silver prices rose in Mumbai's jewellery market today. World market news was showing progress. There were indications that interest rates in the United States will fall in September and the purchase of gold funds in the world market has increased. Globally, gold prices rose from 2420 to 2421 per ounce today, prices ranged from 2458 to 2459 to 2451 to 2452 dollars. On the back of the world market, the domestic market also saw a bullish environment.
In the jewellery market of Ahmedabad, the price of gold today increased by Rs 500 per 10 grams from 99.50 to Rs 72300 and from 72500 to Rs 99.90. The price of silver in Ahmedabad was Rs 84 thousand per kg. In the global market, the price of silver was 28.65 to 29.16 to 29.10 to 29.11 dollars per ounce.
Meanwhile, in Mumbai bullion market today, gold prices increased from Rs 69,031 without GST to Rs 69,625 to Rs 69,442 at 99.50. While the price of 99.90 was Rs 69309 to Rs 69905 to Rs 69721. Silver prices in Mumbai increased from Rs 82,974 to Rs 83,542 to Rs 83,464 without GST. Gold and silver prices increased by 3 percent due to GST in Mumbai.
Meanwhile, crude oil prices continue to rise in the global market. Brent crude prices rose to a high of 80.79 to $ 81.80 to $ 81.26 per barrel. The price of US crude rose from 78.88 to $ 78.25. Meanwhile, platinum 981 rose to $ 974-075 and palladium 936 rose to $ 930-931. However, copper prices remained soft by 0.81 percent.
Market insiders said the government reduced the tariff value used as a benchmark for calculating import duty on gold and silver in India, resulting in a reduction in the effective import duty. Such tariff value has been increased to $769 per 10 grams on gold while in silver it has been increased to $908 per 1000 kg and $1000 per 1000 kg respectively.
