look news india
Mumbai: Gold and silver prices in Mumbai’s jewelery market increased again after facing a shock. The news from the world market was fast. There were fears that the import cost of precious metals would increase domestically due to rise in international prices and strengthening of the dollar against the rupee. Due to decline in dollar index and bond yield in the global market and increase in crude oil, purchases of funds in global gold have increased.
Globally, gold prices ranged from $2,633 to $2,634 to $2,660 to $2,656 to 2,657 an ounce. Crude oil prices also increased in the world market today due to increasing tension amid the change of power in Syria. However, there were also reports of Saudi Arabia cutting crude oil prices for Asian countries for January.
Copper prices rose 1.72 per cent in the global market today amid possibility of new massive stimulus in China. Meanwhile, at the Ahmedabad jewelery market, gold prices rose by Rs 400 to Rs 99.50 to Rs 78,900 and Rs 79,100 to Rs 99.90 per 10 grams.
Ahmedabad silver prices increased from 30.96 to 31.69 to 31.66 dollars an ounce. Global platinum prices rose to $948-949 from $931-955. Palladium prices rose from $960 to $993 to $986 to $987.
In the global crude oil market, the price of Brent crude increased from 71.12 to 72.15 to 71.96 dollars per barrel. While US crude prices increased from $67.20 to $68.28 to $68.06. S&P Glowworm said that with the removal of windfall tax in India and easing of energy policy, global oil companies are likely to enter the energy sector in the country.
Today in Mumbai bullion market, the price of gold without GST reached Rs 99.50, Rs 76,385, Rs 75,750 and Rs 99.90, however, it reached Rs 76,692. Whereas in Mumbai the price of silver increased from Rs 90,400 to Rs 91,800 without GST. Gold and silver prices in Mumbai were 3 percent more than this price including GST.