look news india
Mumbai: Bullion market was officially closed today in Mumbai's jewellery market due to Saturday. However, gold and silver prices continued to fall in the closed market. World market news was showing further decline in prices. There was talk that due to the surge in the world market, funds were selling. As the world market fell, import cost also came down domestically and due to lack of new demand, there was selling in the jewellery market. In Ahmedabad's jewellery market today, the price of gold fell by Rs 200 per 10 grams to Rs 99.50 from Rs 73900 and silver to Rs 99.90 from Rs 74100.
Ahmedabad Silver price remained at Rs 91000 per kg. Meanwhile, gold prices in the global market remained at a high of 2340 to 2341 per ounce, high of 2346 to 2347 per ounce and then at a low of 2325 to 2326 per ounce.
Behind gold, global silver prices also remained under upward pressure. Silver prices rose from 30.56 to 30.57 per ounce, hit a high of 30.62 per ounce, then hit a low of 30.04 per ounce and finally eased to $30.26 to $30.27 per ounce.
Global platinum prices were in the range of 1025 to 1026, lows of 1036 and 1015 and finally at $1028 to $1029 per ounce, while palladium prices were in the range of 967 to 965, highs of 979 and 962 and finally at $968 to $969 per ounce.
Global copper prices fell to minus 0.80 to 0.85 per cent. The dollar was trading at Rs 83.09 to Rs 83.10 against the rupee at the Mumbai currency market. Currency market insiders said that as the rupee gained momentum against the dollar on Friday, the rupee recorded its biggest one-day price jump in five months.
In Mumbai bullion market today, the price of gold without GST at 99.50 was Rs 71,525 and gold at 99.90 was Rs 71,740 and silver at 99.90 was Rs 71,825. The price of silver in Mumbai was Rs 89,762 without GST and was quoted at Rs 89,200. The price of gold and silver in Mumbai was three percent higher than this price including GST.
Meanwhile, while the prices of various commodities were falling in the world market, crude oil prices rose again after digesting the shock. Brent crude prices rose from a high of 81 to $ 82.46 to $ 82.12. While US crude prices rose from 76.53 to $ 78.05 to $ 77.72. Prices bounced back from 12-week lows. There was news of demand at lower levels.
