look news india
Ahmedabad, Mumbai: Gold and silver prices reached record high in the jewelery market of Ahmedabad and Mumbai today. However, after opening higher the precious metals initially showed signs of a slight decline in the afternoon. The news of a new record high in prices came as the historic boom in the world market continued.
In Ahmedabad gold-silver market today the price of gold increased by Rs 700 per 10 grams to reach Rs 81,000. However, the price of Ahmedabad silver, which was Rs 1 lakh per kg on Tuesday, came down by Rs 1000 to Rs 99 thousand today.
There were indications that gold prices in the world market crossed 2736 to 2737 per ounce and reached 2758 to 2759 to 2750 to 2751 dollars. The funds were active in gold. Record storm in gold price continues in the country's jewelery markets due to increase in import cost domestically, lagging behind the world market.
However, silver continues to rise in the global market. In the global market today, the price of silver is reported to be higher at Rs 34.44 to Rs 34.45 per ounce after Rs 34.90 to Rs 34.91. Meanwhile, silver prices opened at Rs 99,151 without GST from Rs 98,372 in Mumbai bullion market today.
In Mumbai, without GST, gold prices rose from Rs 78388 to Rs 78377 at 99.50, to Rs 77938 and to Rs 78703 from Rs 78251 at 99.90. Gold and silver prices in Mumbai were 3 percent more than this price including GST.
Meanwhile, platinum prices in the global market today ranged between 1039 to 1040, 1034 to 1035 dollars and 1016 to 1017 dollars an ounce. Palladium prices ranged from 1078 to 1079, the highest from 1085 to 1086 and the lowest from 1070 to 1071 to 1072. Global copper prices fell by 1.29 percent today.
Meanwhile, crude oil prices in the world market stopped rising today and then came down. Brent crude prices fell to a low of $74.42 to $74.75 after hitting a high of $74.88 and $76.05 per barrel. US crude prices ranged from a high of $71.26 to $71.72 and a low of $70.13 to $70.48.
The American Petroleum Institute said that crude oil reserves in America have increased by 16 to 17 lakh barrels. An increase of 3 lakh barrels was expected in the stock, but due to the significant increase in the stock, the prices of crude oil in the world market were seen retreating rapidly.