look news india
Mumbai: Gold and silver prices reached new highs in Mumbai's jewelery market today as record highs continued. The record breaking boom in the jewelery market continued even today due to increase in domestic import demand due to rising prices in the world market. A new history was created when gold prices in Ahmedabad jewelery market rose by Rs 500 per 10 grams to Rs 73,300 from Rs 99.50 and Rs 99.90 from Rs 73,500.
The price of silver in Ahmedabad was Rs 81 thousand per kg. In the world market, gold prices were in the range of 2353 to 2354, 2336 to 2337 dollars and the highest range was 2329 to 2930 per ounce. Globally, funds continued to buy gold. China's demand in the world market was expected to increase.
There were instructions from China to buy about 1 lakh 60 thousand ounces more gold in the month of March. China is buying 17 months worth of gold on a large scale and now the gold reserves held by the government in China have increased to about 730 lakh ounces.
Meanwhile, behind gold, the price of silver in the global market today also ranged from 28.08 to 28.09 to 27.62 to 27.63 an ounce and to a high of 27.47 to 27.48 an ounce.
Meanwhile, gold prices in Mumbai bullion market today rose from Rs 70,600 to Rs 99.50 excluding GST. Whereas the price of 99.90 was Rs 70850 and Rs 71279. Mumbai silver prices rose to Rs 81,496 from Rs 80,600 without GST. Esona-Chandi prices in Mumbai were 3 per cent higher than this price including GST.
Meanwhile, global platinum prices rose from $942 to $943 an ounce, while global palladium prices rose from $1,024 to $1,022 to $1,023. Global copper prices rose 0.71 percent today. However, crude oil prices in the world market were high and soft.
Brent crude prices fell to $88.78 a barrel from $91.17, while US crude prices fell to $86.24 a barrel from $86.91, down from $84.69. The market kept an eye on the conflict between Israel and Iran.