look news india
Mumbai: Gold prices continued to rise in Mumbai jewellery market today, while silver prices rose after recovering from setbacks. Gold prices in the world market rose to a high of $2640 to $2641 an ounce on the news. Global commodity prices rose today as the Chinese government announced a new stimulus package to support the battered economy.
Apart from gold, prices of silver, copper, crude oil and platinum also rose in the world market. Prices also rose in the domestic market following the global market. However, new demand was slow.
In the jewellery market of Ahmedabad today, the price of gold increased by Rs 300 per 10 grams from 99.50 to Rs 77100 and from 77300 to Rs 99.90. While the price of silver in Ahmedabad remained at Rs 88 thousand per kg. In the world market, the price of gold was in the range of 2640 to 2641 to 2629 to 2630 dollars and the highest range was 2624 to 2625 per ounce.
Global silver prices rose from 30.78 to 30.79 per ounce to 31.18 to 30.86 to 30.87 dollars per ounce. Platinum prices rose from 963 to 979 to 976 to 977 dollars per ounce. Global copper prices rose by 2.74 percent today. Crude oil prices in the world market rose by 2.5 percent.
Brent crude price rose to $75.34 per barrel from 75.87 and US crude price rose to $72.00 from 72.36. Palladium prices, however, hovered around $1053 to $1054 with a low of 1035 and a high of 1069 per ounce. Meanwhile, gold price in Mumbai bullion market today stood at Rs 74,465 without GST at Rs 99.50 against Rs 74,169 while at Rs 99.90 it was Rs 74764 against Rs 74467.
Mumbai Silver prices rose from Rs 87756 to Rs 88402 without GST. Gold and silver prices in Mumbai were 3% higher than this price including GST. Apart from China's encouragement, unrest in the Middle East and the forecast of storms had a sharp impact on the prices of crude oil.