look news india
Mumbai: Gold and silver prices continued to fall in the Mumbai jewelery market today. As prices fell further on world markets, falling prices at home resulted in more sellers and fewer buyers. The news was that the prices of gold in the world market were from 2589 to 2590 to 2605 to 2606 dollars and from a low of 2608 to 2609 per ounce.
Trailing the world market today, gold prices in the Ahmedabad jewelery market fell by Rs 200 per 10 grams to Rs 78,100 at 99.50 and Rs 78,300 at 99.90, while Ahmedabad silver prices rose by Rs 2000 to Rs 99.50. 86,000 per kg. Silver prices have fallen by Rs 4000 in Ahmedabad market in two days, while gold prices have fallen by Rs 1000 in two days.
There has been news of increased selling of funds in global gold amid the strengthening of dollar index and bond yields in the global market. Behind gold, the global price of silver also declined from $29.40 to $29.41 an ounce and was reported from $28.81 to $28.90 to $28.91 an ounce.
Meanwhile, global copper prices fell by 1.94 per cent today. Platinum prices were lower at $932 to $933 an ounce from $917 and palladium prices were lower at $910 to $911 an ounce from $901. Global crude oil prices rose after falling. Brent crude prices were lower at $72 to $72.68 per barrel. The price of US crude was lower from $68.42 to $69.06.
Iranian crude oil supplies to China have reduced amid new US sanctions on Iran. Meanwhile, according to Bharat Petroleum Corporation, the first oil cargo has been purchased from Argentina. This oil cargo of about one million barrels has been purchased on the condition of February delivery.
Meanwhile, gold prices fell by Rs 99.50 to Rs 75,075 and Rs 99.90 to Rs 75,377 excluding GST in Mumbai bullion market today. Whereas in Mumbai the price of silver came to Rs 85133 without GST. Gold and silver prices in Mumbai were 3 percent more than this price including GST.