look news india
Gold and silver prices witnessed a slow decline today due to bullish trend in Mumbai Jewellery Market. Although gold prices rose in the afternoon after opening with a decline this morning, market prices remained lower today compared to the previous day. Meanwhile, news from world markets was encouraging. Globally, gold prices remained in the range of $ 2,509 to $ 2,510 per ounce and silver in the range of $ 2,526 to $ 2,527 and $ 2,521 to $ 2,522 per ounce.
Inflation data released in the US today came higher than market expectations. New demand at home was slow. Gold prices in Ahmedabad market fell by Rs 100 per 10 grams to Rs 99.50 to Rs 74,000 and silver to Rs 99.90 to Rs 74,200. While silver prices in Ahmedabad remained stable at Rs 86000 per kg.
However, silver prices also rose following gold in the global market. Global silver prices today rose from $ 29.42 to $ 29.43 an ounce to $ 29.59 to $ 29.52 to $ 29.53.
Today, the price of gold in Mumbai bullion market was at Rs 71,581 to Rs 71,713 to Rs 71,670 at 99.50 without GST. While the price of 99.90 was Rs 72001 to Rs 71869 to Rs 71958. While the price of silver in Mumbai was quoted at Rs 85072 without GST and Rs 85019. The price of gold and silver in Mumbai was 3 percent higher than this price including GST.
In the world market today, the price of platinum rose from 940 to 941 to 950 to 944 to 945 dollars per ounce, while the price of palladium rose sharply from 957 to 958 near $1000 to 995 to 991 to 992 dollars. The global prices of copper rose by 0.83 percent today.
With the increase in the price of crude oil, its impact was also seen positively on the global gold prices. In the world market, the price of Brent crude oil rose from 80 to 80.60 to 79.83 dollars to a high of 79.18. While the price of US crude was at a high of 75.14 to 76.59 to 75.90 dollars.
