look news india
Mumbai: Gold prices in the Mumbai jewellery market today rose again after initially falling, while silver continued to rise, gold prices in the global market rose to near $2,500 an ounce. Meanwhile, global crude oil prices fell sharply today. There was news that Qatar has requested Iran not to attack Israel while Gaza ceasefire talks are going on. Its impact was seen on the global crude oil price.
Meanwhile, gold prices in the global market rose from $ 2,449 to $ 2,450 an ounce to $ 2,492 to $ 2,487 to $ 2,488 an ounce. In the Ahmedabad jewellery market today, gold prices stood at Rs 72,800 per 10 gram at Rs 99.50 and Rs 73,000 per 10 gram at Rs 99.90. In Ahmedabad silver prices rose by Rs 500 per kg to Rs 82 thousand.
Silver prices today followed gold in the global market at $ 28.30 to $ 28.31 to $ 28.46 to $ 28.33 to $ 28.34 an ounce. Gold prices in Mumbai bullion market today were Rs 70510 to Rs 70108 to Rs 70321 without GST at 99.50. While the price at 99.90 was Rs 70793 to Rs 70390 to Rs 70604. Silver price in Mumbai without GST today rose from Rs 80921 to Rs 81655 to Rs 81510.
Gold and silver prices in Mumbai were 3 per cent higher than this price including GST. Meanwhile, there were reports that the government has increased the benchmark tariff value of gold imported into the country several times the import duty, while the tariff value of silver has been reduced. This has increased the effective import duty on gold while market sources said that the effective duty on silver has come down.
The government has increased the tariff value of gold from 769 to 795 dollars per 10 grams, while the tariff value of silver has been reduced from 908 to 903 dollars per kilogram. There was also news that the government has increased the dollar customs exchange rate for importers from Rs 84.60 to Rs 84.85. Its effect was also seen on the jewellery market.
Meanwhile, Brent crude oil prices fell to a low of $ 78.62 to $ 78.36 per barrel in the world market. Crude prices fell by 2.5 to 3 percent today. Platinum prices rose from 959 to $ 955 to $ 956 per ounce while palladium prices fell from 936 to $ 940 to $ 941. Global copper prices softened by 0.69 percent today.