look news india
Mumbai: Gold prices continued to fall in Mumbai's jewelery market today. A decline was also seen in silver. World markets fell. Gold witnessed selling by funds as the dollar rose in the world market amid the possibility of reversal of interest rate cuts due to rising inflation in the US.
In the world market, the price of gold ranged from 2155 to 2163 to 2164 dollars and the low level was 2172 to 2173 per ounce. Behind gold, global silver prices ranged from $24.43 to $24.07 to $24.33 to $24.34 an ounce. In Ahmedabad market, gold prices were at Rs 67,500 at Rs 99.50 per 10 grams and Rs 67,700 at Rs 99.90 per gram. Ahmedabad silver price was Rs 73500 per kg. In the world market, platinum price increased from 924 to 937 to $929 to 930 an ounce, while palladium price increased from 1014 to 1075 to 1062 to 1063 dollars an ounce.
In Mumbai bullion market, gold prices stood at Rs 65,303 at 99.50, at Rs 65,073 and at Rs 65,566 at 99.90, while silver prices in Mumbai stood at Rs 72,149 at Rs 72,149, at Rs 72,469 at Rs 72,675 without GST. Gold and silver prices in Mumbai were 3 percent more than this price including GST.
Meanwhile, after absorbing the shock, crude oil prices increased again in the global market today. Brent crude was up $83.38 to $83.35 a barrel at $82.13, while U.S. crude was up $77.83 from a high of $79.07 at $79.04. There was talk of Russia supporting cuts in crude oil production. Global copper prices rose two percent today.
The American Petroleum Institute said that crude oil reserves in America have decreased by 55 lakh barrels. The stock of gasoline there also reduced by 37 to 38 lakh barrels.