look news india
Mumbai: Ahmedabad gold and silver market witnessed new highs today as gold continued its record rally due to global market reports. Record rise was also seen in world market news. A new history was created in the country's jewelery markets today due to increase in domestic import costs due to the boom in the world market. Today the price of gold in Ahmedabad gold and silver market became Rs 71 thousand per kg. 10 grams, and market players were stunned.
Gold prices in the global market today were in the range of 2229 to 2230 per ounce, indicated a new high of 2265 to 2266, and the signals were from 2244 to 2245. Trailing the world market, gold prices rose by Rs 500 to Rs 70,800 from Rs 99.50 and Rs 71,000 from Rs 99.90 at the Ahmedabad gold and silver market. When silver became Rs 75500. Meanwhile, silver prices in the global market remained at $24.94-$24.95 an ounce amid a slow decline from higher levels.
According to world market sources, the possibility of further cut in interest rates due to slowing inflation in the United States has indicated an increase in funds buying gold in the world market. It was discussed that China's demand for gold in the world market has also increased. A new history was made in the jewelery markets of the country today, as domestic import costs increased due to the rise in the world market.
Meanwhile, silver prices fell by Rs 500 to Rs 75,500 per kg in Ahmedabad today. In the global market, copper prices were higher by 1.09 per cent today, while global platinum prices fell to $906-907 from $911-912 and palladium fell from $1016 to $1016. From $1017 to $1010 to $1011 per ounce.
In Mumbai bullion market today, gold prices without GST increased from Rs 67,950 to Rs 99.50 to Rs 68,388. While the price of 99.90 increased from Rs 68,200 to Rs 68,964 to Rs 68,663. Mumbai Silver prices today rose from Rs 74,600 to Rs 75,400 to Rs 75,111 without GST.
Gold and silver prices in Mumbai were 3 percent more than this price including GST. Crude oil prices remained soft in the world market today and are moving towards the rise. Brent crude prices ranged from a low of $87 to $86.58 per barrel at $86.59. While the price of US crude was at a low of 83.17 from 82.80 to 82.83 dollars. The possibility of cutting interest rates in America was discussed in the world market in June.
On the other hand, late in the evening the dollar was trading at Rs 83.45 against the rupee in the currency market. The global dollar index rose from 104.54 to 104.50 today. The price of British pound increased to Rs 105.38. While Euro prices were calm at Rs 89.87.
Gold futures also at the highest level ever
A turnover of Rs 25,273.46 crore was recorded in various commodity futures, options and index futures on the country's leading commodity derivatives exchanges. Among precious metals, gold futures opened at Rs 68,699 per 10 gram at the start of the April session, touched an all-time high of Rs 69,487 during the day and touched a low of Rs 68,402, up by Rs 725. It reached a price of Rs 68,402. In comparison, Gold-Guinea April contract rose by Rs 779 to Rs 54,641 per gram and Gold-Petal April contract rose by Rs 74 to Rs 6,645 per gram. Gold-mini April futures rose by Rs 727 per 10 grams to reach Rs 68,319.