look news india
Ahmedabad, Mumbai: Gold prices reached new highs in the jewelery markets of Ahmedabad and Mumbai today as the record rise continued. The news came that a new record has been created with the price of gold rising above $2700 per ounce in the world market. India's jewelery before Diwali due to increase in domestic import demand due to increase in global market in the markets Speed was seen. Today the price of gold increased to Rs 80 thousand per 10 grams in the jewelery market of Ahmedabad. In Ahmedabad today, gold prices rose by Rs 500 to Rs 79,600 at 99.50 and Rs 79,800 at 99.90. In Ahmedabad, silver prices rose by Rs 500 to Rs 92,500 per kg.
Meanwhile, news came in the world market today that the price of gold increased from 2681 to 2682 dollars per ounce and crossed 2750 to 2714 to 2715 dollars per ounce. There has been news of increased purchases by funds in the form of safe gold globally amid unrest among various countries. Behind gold, global silver prices also rose from $31.71 to $31.72 an ounce and from $32 to $32.29 to $32.30 an ounce. Global copper prices rose 1.87 per cent today as government announced more stimulus to support property sector in China As copper prices rose in the world market, market talk was mixed that support for silver upside was mixed. .
Meanwhile, the dollar rose from Rs 84.08 to close at Rs 84.06 in the Mumbai currency market today. News came in the world market that the Global Dollar Index fell by 0.17 percent from 103.59 to 103.65. As the global dollar index declined, there was talk of increased buying by funds in global gold. Meanwhile, there has been news of a decline of 10.70 billion dollars in foreign exchange reserves in India.
There was talk of a retreat from the peak of forex reserves in the Mumbai currency market as the RBI built up shares and public sector banks sold dollars to prevent the rupee from falling. Retail sales figures in America were good. The job market has also strengthened as unemployment claims there fell by 19,000. In such a situation, market experts say that the dollar index has declined in the world market today due to the possibility of a bigger cut in interest rates than expected.
Meanwhile, in the world market the price of platinum increased from 1012 to 1013 dollars and the price of palladium increased from 1070 to 1071 dollars. Global crude oil prices witnessed sideways movement. The price of Brent crude was $ 73.92 in the low and $ 74.95 to $ 74.46 in the high.
Meanwhile, gold prices without GST rose from Rs 99.50 to Rs 77,100 and from 99.90 to Rs 77,410 in Mumbai bullion market today. Mumbai silver prices without GST reached Rs 92,283.
Gold futures hit all-time high of Rs 77,667
The future price of gold and silver among precious metals on the country's major commodity derivatives exchange was Rs. Work worth Rs 8246.77 crore was done. Gold December futures opened at Rs 77294 per 10 grams, touched an all-time high of Rs 77667, touched a low of Rs 77294, rose by Rs 482 to Rs 77589 from its previous close of Rs 77107. In comparison, Gold-Guinea October futures increased by Rs 543 to reach Rs 62,250 per gram. While the October futures of gold petals increased by Rs 58 per gram to reach Rs 7564. Gold-mini October futures were trading at Rs 77,073 with a rise of Rs 533 per 10 grams.