Mumbai: Gold and silver prices fell sharply in Mumbai Jewellery Market today. As the world market fell, domestic prices fell. New demand remained slow. There was a selling mindset behind the world market. There are signs of increased selling of gold by funds in the global market. Gold prices in Ahmedabad Jewellery Market today fell below Rs 1000 to Rs 99.50 from 71800 and Rs 99.90 from 72000, following the world market.
Ahmedabad Silver prices fell by Rs 2500 per kg to Rs 81000. In the global market today, gold prices were at $ 2364 to $ 2377 to $ 2378 and lower at $ 2443 to $ 2444 per ounce. Along with gold, global silver prices also fell by Rs 28.56 to $ 26.50 to $ 26.60 to $ 26.61 per ounce.
Meanwhile, the price of gold in Mumbai bullion market today was Rs 68840 at 99.50, Rs 69700 at 99.50 and Rs 69117 at 99.90, while the price of silver in Mumbai was Rs 82650, Rs 78950 and Rs 82650 without GST. The price of platinum in the world market was $ 910. The price of palladium was $ 844.
Global copper prices fell by 3.68 percent today. The fall in crude oil in the world market had a negative impact on gold and the fall in copper had a negative impact on silver. Crude oil prices in the world market were at a low of 76.81 per barrel, Brent crude was at a low of $ 75.05 to $ 75.75 per barrel, while US crude oil prices were at a low of $ 73.52 from $ 71.67 to $ 72.51.