look news india
Mumbai: Gold and silver prices declined in Mumbai's jewellery market today after a surge. Selling was seen on top of the gains in global market news. Gold prices which were trading above $2500 per ounce in the global market, today again showed signs of falling below $2500.
The domestic market also rose on the back of global markets, with profit-taking mood rising as new demand slowed. Funds were softening as global gold prices rose amid a fall in crude oil in world markets. Global gold prices today fell from 2,508 to 2,509 an ounce to a low of 2,486 to 2,492 to 2,493 dollars.
Meanwhile, silver prices also followed gold in the global market and fell to $28.97 to $28.98 from $28.72 to $29.03 to $29.04 per ounce. Platinum prices from $949 to $950 to $951 per ounce fell to $957 to $958 per ounce. Palladium prices fell to $932 to $933 from $951 to $952. However, copper prices remained higher by 1.12 per cent globally today.
Meanwhile, in the Mumbai bullion market today, the price of 10 grams without GST fell by Rs 99.50 to Rs 70823, while the price with GST fell by Rs 99.90 to Rs 71550 and Rs 71108.
The price of silver per kg in Mumbai today was Rs 83450 to 83626 to 83291 without GST. The price of gold and silver in Mumbai was three percent higher than this price including GST. Meanwhile, pressure was seen on global crude oil prices today.
Brent crude prices were at $79.68 a barrel off $78.73 and $79.14, while US crude prices were at $76.65 a barrel off $75.63 and $76.02. New demand from China has been slow. The market was eyeing the Gaza ceasefire talks.