Mumbai: The Mumbai jewelry market witnessed a mixed trend today. Gold prices rose sharply while silver prices came under pressure. Gold prices were once again seen rising in the world market. Gold prices were once again seen rising in the world market. Globally, gold prices remained between $ 2,358 to $ 2,359 per ounce and $ 2,382 to $ 2,380 to $ 2,381 per ounce. There was talk of increased buying of funds in gold globally amid the fall in the dollar index and bond yield in the world market due to the increased possibility of interest rate cuts in the US.
In the world market today, the price of gold increased by Rs 500 to Rs 99.50 and Rs 75,000 to Rs 99.90. However, the price of silver in Ahmedabad fell by Rs 300 per kg to Rs 93 thousand. In the global market, the price of silver was $ 30.91 to $ 30.92 to $ 30.68 per ounce and the high price was $ 31.11 to $ 31.07 to $ 31.08 per ounce.
In Mumbai bullion market today, the price of gold without GST at 99.50 was Rs 72325 and gold at 99.50 was Rs 72056 and gold at 99.90 was Rs 72616 and gold at 99.90 was Rs 72346. Silver price in Mumbai increased from Rs 91,847 to Rs 91,439 and Rs 91,793 without GST. Gold and silver prices in Mumbai were 3% higher than these prices including GST.
Meanwhile, copper prices rose by 0.43 percent in the global market today. While the price of platinum was 992 to 975 to 996 to 997 dollars per ounce. Palladium prices rose from 1007 to 1008 to 983 to 1002 to 996 to 997 dollars. The Petroleum Institute of America said that crude oil reserves in America have decreased from 19 to 20 lakh barrels.
However, crude oil prices remained soft in the world market today. Brent crude prices were at a low of $ 84.00 to $ 84.61 to $ 85.22 per barrel. US crude prices were at $ 81.74 to $ 80.81 to $ 81.43. According to OPEC sources, amid production cuts, some countries have been seen selling more crude oil in the market than the supply limit set by OPEC countries. Its effect was seen on the price of crude oil in the world market.
The dollar today touched a low of Rs 83.50, a low of Rs 83.47, a high of Rs 83.54 and a low of Rs 83.53 against the rupee at the Mumbai currency market. The global dollar index fell to 105.09.
The rupee remained under pressure against the dollar in the currency market today due to the fall in the Mumbai stock market. The price of the British pound increased by 4 to 5 paise from 106.99 to 107 rupees. The price of the euro increased by 4 paise from 90.38 to 90.39 rupees. The currencies of China and Japan remained weak against the rupee.