look news india
Mumbai: Gold and silver prices rose at a slow pace in Mumbai's jewellery market today. However, gold prices fell amid negative volatility in global market news. Festive demand was seen in domestic jewellery markets. In Ahmedabad jewellery market today, gold prices rose by Rs 100 from 99.50 to Rs 74100 and silver from 74300 to Rs 99.90 per 10 grams.
The global gold price was in the range of 2529 to 2530 to 2522 to 2523 dollars and highest range of 2519 to 2520 per ounce. The global silver prices were in the range of 29.11 to 29.12 to 29.03 to 29.04 dollars and highest range of 28.82 to 28.83 per ounce.
There was news that in the month of August, the job growth in America was only 1 lakh 42 thousand. The expectation was 1 lakh 60 thousand. Although the unemployment rate has come down from 4.30 to 4.20 percent, but market sources say that now that the job growth has reduced, the possibility of reduction in interest rates has increased.
Ahmedabad silver price was Rs 84000 per kg. In Mumbai bullion market, non-GST prices of gold were Rs 71,587 at 99.50 and Rs 71,643 at 99.90 per dollar, while silver prices were Rs 83,393 per dollar and Rs 82,971 per dollar.
Palladium was priced at $954. Global copper prices were up 0.69 per cent today. Global crude oil prices also traded biased towards the lower levels today. Brent crude prices were at $72.48 from $73.10 after hitting a high of $73.38 a barrel.
The price of US crude was at a high of 69.92 and at a low of 68.91 to 69.60 rupees. There were indications that OPEC crude producing countries have pushed back their decision to increase production. Crude oil stocks in the US were falling. According to the US Energy Information Administration, there is news of a decrease of 69 lakh barrels in crude oil reserves in the US.