Sunday , December 29 2024

adverse volatility in global markets

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Mumbai: Gold prices remained high in Mumbai jewelery market today. New crack in the rupee in the currency market and rise in the dollar have increased the import cost of gold and due to this, prices remained high in the jewelery market today. In Ahmedabad market, gold rose by Rs 200 per 10 grams from Rs 99.50 to Rs 78900.

Ahmedabad silver prices rose by Rs 500 to Rs 88500 per kg. In the world market, the price of gold was 2625 to 2626, high was 2638 and low was 2623 to 2626 to 2627 dollars per ounce. Global silver prices were in the range of 29.69 to 29.70 an ounce, 29.89 an ounce and 29.54 to 29.55 to 29.56 an ounce.

In the world market, the price of platinum was 940 to 941, with a high of 943 and a low of 935 to 936 dollars per ounce. Palladium prices ranged from $918 to $921 to $922 from a low of $942 to $943. Today palladium prices again fell below platinum in the global market. Meanwhile, global copper prices were 0.22 per cent softer.

One-sided fluctuations were seen in the price of crude oil in the world market. Brent crude prices ranged from $73.97 to $73.05 to $73.97 to $73.98 per barrel. The price of US crude was 70.50, with a low of 69.44 and a high of 70.36 to 70.35 dollars.

In Mumbai bullion market today, gold prices without GST ranged from Rs 76,328 to Rs 76,030 to Rs 99.50. While the price of Rs 99.90 increased from Rs 76635 to Rs 76336. Mumbai silver prices fell to Rs 87,831 from Rs 88,430 without GST. Mumbai gold and silver prices are 3 percent more than this price including GST. Meanwhile, according to Bharat Petroleum Corporation, about $11 billion will be invested in a new refining unit in southern India.