look news india
Ahmedabad, Mumbai: As gold and silver prices continued their historic rise, a new record was set in the jewelery market of Ahmedabad and Mumbai today on the day of Gudi Pada. However, market sources said that the price reaching new high has affected the new demand in the market. World markets were showing record bullish news.
Behind the global market, jewelers were stunned today to see a fresh surge in prices in the backyard jewelery markets. In the jewelery market of Ahmedabad today, the price of gold rose by Rs 700 per 10 grams to a new high of Rs 74,000 at 99.50 and Rs 74,200 at 99.90. Meanwhile, Ahmedabad silver prices increased by Rs 1000 per kg to Rs 82 thousand today.
The price of gold in the world market was directed to be between 2336 to 2366 to 2346 to 2347 dollars per ounce. Fund purchases continued. The market was keeping an eye on US inflation data and the European Central Bank meeting. Behind gold, global silver prices rose from $27.62 to $28.19 to $27.96 to $27.97 an ounce. Platinum was priced at $942 to $983 and palladium was priced at $1022 to $1069, $1067 to $1068.
Global copper prices for three-month delivery rose 1.02% today to $2,500 a tonne. In Mumbai bullion market today, gold prices rose from Rs 99.50 to Rs 71544 without GST and from Rs 99.90 to Rs 71832, while silver prices in Mumbai rose to Rs 82100 without GST. Gold and silver prices in Mumbai were 3 percent more than this price including GST.
Meanwhile, in the global market the dollar index fell to a low of 104.10 and in the Mumbai currency market the dollar fell 10 paise against the rupee and closed at around Rs 83.20. Due to increase in the prices of crude oil in the world market again, the price of one barrel of Brent crude remained from 90.94 to 90.70 dollars. According to Union Bank of Switzerland, gold prices are likely to rise to $ 2500 per ounce by the end of 2024 as per the direction of the world market.