look news india
Mumbai: Gold and silver prices continued to fall in Mumbai's jewellery market today, but the pace of decline slowed down today. Falling prices showed improvement in world market news. Meanwhile, after the Finance Minister reduced the import duty on gold and silver in the budget, there is a discussion in the market that the government may increase the GST on gold and silver from 3 percent to 5 percent.
Meanwhile, according to market insiders, before the import duty cut in the Budget, jewellers in the country had a stock of about 300 tonnes of silver and now due to the fall in prices after the Budget, the value of this stock has declined significantly.
Meanwhile, gold prices in Ahmedabad jewellery market today halted their decline and touched Rs 71,300 at 99.50 per 10 gram and Rs 71,500 at 99.90 per gram. Silver prices in Ahmedabad also halted their decline and stood at Rs 82000 per kg.
Ahmedabad Silver prices also halted their decline and remained at Rs 82000 per kg. In the global market, the price of gold today was in the range of $ 2369 to $ 2370 per ounce, lowest at $ 2355 and highest at $ 2379 to $ 2373 to $ 2374 per ounce.
As the global dollar index and bond yields declined, global gold holdings by lower-cap funds increased. Silver prices also followed gold in the global market, rising from 27.54 to 27.55 to 28.07 to 27.76 to 27.77 dollars per ounce. Global platinum prices were at a low of 931 to 932 to 928 and a high of 943 to 932 to 933 dollars per ounce.
Palladium prices were in the low range of 906 to 907 and high range of 912 to 902 to 903 dollars per ounce. Global copper prices were down by 0.13 per cent today. Meanwhile, global crude oil prices rose. Brent crude prices were in the range of $82.71 to $81.92 per barrel with a high of $80.72. US crude prices were in the range of $78.60 to $77.95 from a high of $76.67. US crude oil reserves were expected to fall by 2.05 million barrels but instead fell by 3.741 million barrels.
The USEnergy Information Administration said. However, fresh Chinese demand for crude oil remained weak, Meanwhile, the price of gold at 99.50 fell from Rs 67,954 to Rs 67,858 in the Mumbai bullion market today, while the price of gold at 99.90 fell from Rs 68,227 to Rs 68,069. Silver price in Mumbai rose from Rs 81,474 to Rs 81,271 without GST. Gold and silver prices in Mumbai were 3 per cent higher than these prices including GST.
