look news india
Mumbai: Due to Ram Navami, the bullion market in Mumbai's jewelery market remained officially closed today. However, the record increase in prices continued in the closed market. India's jewelery markets witnessed a record rise today as domestic import costs increased due to further rise in prices in the world market. India's jewelery markets witnessed a record rise today as domestic import costs increased due to further rise in world market prices. In Ahmedabad jewelery market today, the price of gold increased by Rs 700 per 10 grams to Rs 99.50 and Rs 99.90.
Ahmedabad silver prices remained at a high level of Rs 84 thousand per kg. In the world market, gold prices were in the range of 2394 to 2395 dollars, 2385 to 2386 dollars and the highest range was 2379 to 2380 per ounce. Fund buying in gold has increased in the global market as possible rate cuts in the US are now likely to be delayed. However, there was news that the global dollar index rose from 106.44 to a high of 106.21.
The global dollar index reached a five-month high. Usually, when the global dollar index increases, global gold prices decrease, but this time, despite the increase in the global dollar index, global gold prices increased instead of decreasing. According to world market news, the increasing tension between Iran and Israel has given a new reason for the rise in global gold prices.
According to CT Group, the price of gold in the world market is likely to increase by 40 percent to $2875 in 2025. Goldman Sachs is predicting the price of gold to reach $2500. While UBS Group is estimating the price at $2700.
Meanwhile, in the global market, silver prices ranged from $28.25 to $28.58 to $28.46 to $28.47 an ounce. Global platinum prices fell by 973 to $947 from 958 to 959 dollars an ounce, while palladium prices rose by 1023 to 1033 dollars from 1030 to 1031 dollars. Global copper prices rose 0.82 percent today.
A decline in copper production has been reported in Zambia. Meanwhile, crude oil rose today after the fall in global markets. Brent prices were lower at $89.06 to $89.54 per barrel while US crude oil prices were lower at $84.40 to $84.90. In Mumbai closed market today, the dollar price against the rupee increased by Rs 83.53 from Rs 83.68 to Rs 83.69.
There was discussion about the possibility of the dollar opening higher when the currency market opened on Thursday. Meanwhile, gold prices without GST rose to Rs 73,550 from Rs 99.50 today at the Mumbai bullion market, while gold rose to Rs 73,800 from Rs 99.90. While silver prices in Mumbai today stood at Rs 83214 and Rs 83600 without GST, gold and silver prices with GST in Mumbai were 3 percent more than this price.