look news india
Mumbai: The bullion market in Mumbai's jewellery market remained officially closed today due to a public holiday. However, in the closed market, the prices of silver and silver witnessed a big decline as compared to the global market. As the world market declined, the import cost of precious metals came down domestically and the jewellery market remained sluggish due to lack of new demand. It was reported that gold prices in the world market were at $ 2315 to $ 2319 to $ 2320 an ounce from a low of 2333.
Globally, the dollar index and bond yields rose, while globally gold again witnessed selling, domestically, gold prices today fell by Rs 300 per 10 grams to Rs 99.50 and silver at Rs 74000 in Ahmedabad's jewellery market at 99.90. Ahmedabad silver price remained at Rs 90 thousand per kg.
Meanwhile, the prices of other precious metals also fell against gold in the global market today. Copper prices in the global market were pointing to a two-month low today after the news of weak production data from China. The price of copper in the London market was trading within $ 9500 of 3-month futures.
In the global market, the price of silver was at $29.02 to $29.03 to $29.26 to $29.27 and the lowest was at $29.55 to $29.56 per ounce. The prices of platinum were at $948 to $952 to $953 per ounce, which fell from $961 to $962 per ounce. The price of palladium was reported to be at a high of Rs 900 and the lowest was at $887 to $894 to $895. Meanwhile, the prices of crude oil increased in the world market.
US crude prices rose from 78.45 per barrel to $78.84 to $78.71 while Brent crude prices rose from a high of $83.01 to $82.85 to $82.62. Meanwhile, gold prices in Mumbai bullion market today closed at Rs 71,375 with GST at 99.50 against Rs 71,645 with GST at 99.90 and Rs 71945 and Rs 71675. While the price of silver in Mumbai was Rs 88400, without GST it was Rs 87800.
The price of dollar against rupee was Rs 83.53 per dollar in Mumbai currency market today. According to the US Energy Information Administration, the demand for crude oil is likely to remain high this year.
