look news india
Mumbai: Gold and silver prices retreated from their highs in the Mumbai jewellery market today. However, there was a rise after digesting the shock from the news of the world market. Gold prices in the world market rose from 2509 to 2510 per ounce to 2524 to 2525 dollars per ounce. Funds were taken. There were indications that the European Central Bank would cut interest rates. Interest rates are also going to come down in the US.
Meanwhile, gold prices in the domestic Ahmedabad jewellery market today stood at Rs 74,000 at 99.50 per 10 gram and Rs 74,200 at 99.90, while silver prices in Ahmedabad stood at Rs 84,500 per kg. In the global market, silver prices rose from $28.91 to $28.84 to $28.85 an ounce, while gold prices rose from $28.54 to $28.55 an ounce.
Meanwhile, in the Mumbai bullion market today, gold prices without GST stood at Rs 71,514 from Rs 71,706 at 99.50 and Rs 71,801 from Rs 71,994 at 99.90. Silver prices in Mumbai rose from Rs 83,407 to Rs 83,188 without GST. Gold and silver prices in Mumbai were 3 per cent higher than these prices including GST.
New demand remained slow. Meanwhile, platinum prices in the world market rose from 942 to 943 an ounce to $963 to $961 to $962 an ounce, while palladium prices rose from 990 to 991 an ounce and crossed the $1,000 mark and stood at $1,031 to $1,032.
Crude oil prices were also raised in the world market. Brent crude prices were at a high of 70.36 per barrel from $ 71.93 to $ 71.46. US crude prices fell from $ 67.02 to $ 68.66 per barrel to $ 68.23 per barrel, after news came in the world market that crude oil production has been affected due to the storm in the Gulf of Mexico. Meanwhile, copper prices rose by 1.41 percent in the global market today.