look news india
Mumbai: Gold prices continued to rise in Mumbai's jewellery market today, while silver prices also rose after a setback. Global market news was encouraging. As the world market rose, domestic import costs increased. Global gold saw a surge in funds due to the fall in the dollar index and bond yields in the global market.
Gold prices in the world market rose from 2466 to 2479 to 2471 to 2472 dollars per ounce. Meanwhile, gold prices in Ahmedabad jewellery market rose to Rs 72,800 per 10 grams at 99.50 and Rs 73,000 per kg at 99.90, while Ahmedabad silver prices rose by Rs 500 to Rs 81,500 per kg.
Today, the price of gold in Mumbai bullion market was Rs 70510 at 99.50, Rs 70162 at 99.50 and Rs 70444 at 99.90 per liter, while the price of silver in Mumbai was Rs 80702 and Rs 80921 without GST. The price of gold and silver in Mumbai was 3 percent higher than this price including GST.
Meanwhile, following gold in the global market today, silver prices were trading at $27.88 to $27.89 after touching an all-time high of $27.70 to $28.01 an ounce. Platinum prices were in the range of $935 to $946 to $937 to $938 while palladium prices were in the range of $930 to $952 to $946 to $947.
Global copper prices rose by 0.24 per cent today. Meanwhile, crude oil prices rose in the world market. Brent crude was at $ 82.30 per barrel from a low of $ 80.32 to $ 80.86. While US crude was at $ 79.79 to a low of $ 77.90 to $ 78.48.
As the retail inflation rate in the US fell below expectations, the possibility of further reduction in interest rates strengthened, the dollar index went back and gold prices rose in global markets. The American Petroleum Institute said that crude oil stocks in the US have decreased by 52 lakh 10 thousand barrels, while gasoline stocks have also decreased by 36 lakh 90 thousand barrels.
