look news india
Mumbai: After digesting the shock, gold and silver prices again rose in Mumbai's jewellery market. World market news showed relief from falling prices. As the world market rose, domestic import cost increased, while new sales stopped and the jewellery market declined. Gold price in Ahmedabad's jewellery market, which had broken by Rs 2000 per 10 gram on Saturday, today rose by Rs 1000 from 99.50 to Rs 73300 and silver from 99.90 to Rs 73500.
Ahmedabad silver price was Rs 90500 per kg.
The price of gold in the world market today increased from 2293 to 2294 per ounce and from 2308 to 2309 to 2305 to 2306 dollars per ounce.
There was fresh buying by gold-short funds. Global silver prices also rose from 29.15 to 29.16 to 29.81 to 29.82 to 29.77 to 29.78 dollars an ounce.
Global platinum prices rose from $967 to $968 to $974-975 an ounce from $978-979. Palladium prices were at a high of 929 and low of 914 and 915 to 916.
Global copper prices rose 1.44 percent today. Crude oil prices in the world market also rose after digesting the shock. Brent crude oil prices rose from 79.62 to 80.48 to 80.43 dollars per barrel.
US crude prices rose to $76.38 from $75.53. Summer demand is likely to create a supply deficit in crude oil and Brent prices are likely to go up to $90 this year, according to Goldman Sachs. Sources calculated that the bottom would be $75, Botcham's source said.
In Mumbai bullion market today, gold prices without GST increased by 99.50 to Rs 70891 and 99.90 to Rs 71176.
While the price of silver in Mumbai increased from Rs 87,900 to Rs 88,928 without GST. Mumbai gold and silver prices were three percent higher with GST.
