look news india
Mumbai: There was a rise in the price of gold in the jewelery market of Mumbai today. The news came that the price of gold increased in the world market and it went above $ 2700 per ounce. Gold prices continued to rise in the country’s jewelery markets today due to rising domestic import costs lagging behind the world market.
In the jewelery market of Ahmedabad today, gold prices increased by Rs 500 per 10 grams to Rs 99.50 to Rs 8000 and from Rs 99.90 to Rs 80200. Whereas in Ahmedabad the price of silver increased by Rs 500 per kg to Rs 92500. In the global market, gold prices ranged from 2704 to 2696 to 2697 dollars and hit a high of 2675 dollars an ounce.
However, global silver prices remained below highs today. Globally, silver prices were at a high of $31.90-32.09 and $31.68-31.69 an ounce. Today, due to increase in the price of crude oil in the world market, its positive effect was also seen on the price of gold.
Global Brent crude prices rose from $71.91 to $73.22 to $73.18 a barrel, while US crude prices rose from $68.14 to $69.62 to $69.59 a barrel. There was discussion in the world market about the possibility that America would impose further sanctions on Russian oil. Experts were expecting that now China’s global demand for crude oil will also increase. Meanwhile, markets were buzzing on hopes of more stimulus in China. However, after the decline in global crude oil demand in 2024, news came that OPEC has expressed the possibility of decline in crude oil demand in 2025 also.
Meanwhile, in Mumbai bullion market today, gold prices without GST stood at Rs 77,355, at Rs 76,866 at 99.50 and at Rs 77,666 at Rs 77,175 at 99.90. Mumbai silver prices rose from Rs 92,810 to Rs 92,838 to Rs 92,700 without GST. Gold and silver prices in Mumbai were 3 percent more than this price including GST.
In the global market, copper prices were 0.07 per cent lower while platinum fell to $936-937 an ounce from $943-932. Palladium prices ranged from 975 to 959 at $961 to 962.