look news india
Mumbai: Sarafa market remained officially closed in Mumbai’s Jhaveri market today. The market was closed due to Eid festival. However, the new height was seen in the closed market as the gold prices continued to rise behind the global market after a record boom. It was reported that gold prices in the world market have increased further and crossed $ 3,100 an ounce.
Market experts say that gold recorded record in the country’s jewelery markets today on the last day of the current financial year, as the global market increased domestically. In the Ahmedabad jewelery market, the price of gold increased by 100 rupees today. 800 per 10 grams, 995 priced at Rs. Crossed Reached 93 thousand rupees. The price of Rs 93,200 and Rs 999 reached the new record level. 93,500.
However, silver in Ahmedabad was around 1000 rupees. Today its price is Rs 1 lakh per kg. Meanwhile, the price of gold in the world market fell from $ 3085 to $ 3086 an ounce, indicating that the price will rise after the funds starting widely purchases, and it would cross $ 3100 and reach $ 3127 to $ 3122 to $ 3123 an ounce. The new tariff announcements made by US President Trump on April 2 are expected to increase gold demand as a safe investment in the global market.
Apart from this, the purchase of gold was also seen by the central banks of various countries. Globally, there was also talk of an increase in holdings in gold ETFs. The increase in gold prices in the quarter ended March was the largest quarterly increase since 1986.
Today, the price of gold increased to Rs 250 per 10 grams in the Mumbai bullion market. 900,000 for 995 and Rs. 903,500 rupees for Rs 999 in closed market, except GST. Silver was 100 rupees in Mumbai. 99,850 except GST. 99,500. Gold and silver prices with GST in Mumbai were 3 percent higher than this price.
Silver prices in the world market stood at $ 34.14-34.15, with a minimum price of $ 33.89 and the maximum price was $ 34.46. Platinum prices ranged from $ 995 to $ 996, with a minimum of $ 983 and a maximum of $ 1001. Paladium prices were at a minimum of $ 972 and a maximum of $ 987, between $ 982 and $ 983. However, globally copper prices fell by 1.55 percent today. According to Goldman Sachs, gold prices are expected to reach $ 3,300 an ounce by the end of this year.
Meanwhile, crude oil prices increased globally. Brent crude prices were trading at $ 74.17 per barrel below $ 73.63 per barrel. Trump was seen threatening to impose high tariffs on countries that import crude oil from Russia. There were reports that Trump had also threatened Iran.
Meanwhile, the dollar price closed at Rs 100 in the Mumbai money market. 85.45 to Rs. Below Rs 85.46. 85.57. The global dollar index was at 104.06, the highest level of 104.15 and the minimum level was 103.75.