look news india
Mumbai: Gold and silver prices rose in Mumbai jewelery market today. Market sources said that although there was softness in the world market, prices in the domestic jewelery market were being increased due to increase in import costs due to appreciation of the dollar against the rupee. Meanwhile, rising dollar index and bond yields in the global market have indicated increased selling by funds in global gold. Globally, gold prices were at a high of $2157-2158 an ounce and at a high of $2152-2154 an ounce.
Behind gold, global silver prices also declined from $24.92 to $24.93 an ounce to $24.77 to $24.84 to $24.85 an ounce.
Today the price of dollar increased to Rs 83.16 in Mumbai currency market. Meanwhile, in the domestic market, gold prices rose by Rs 200 to Rs 67,500 from Rs 99.50 and Rs 99.90 to Rs 67,700 per 10 gram at the Ahmedabad jewelery market. Whereas in Ahmedabad the price of silver increased by Rs 500 per kg to Rs 74500.
Meanwhile, in the global market, platinum prices ranged from 901-902 low at $890 to 894-895 an ounce, while palladium traded at 987-988 from 998-999 low at $979. The price of Brent crude ranged from 87.35 to 86.31 dollars per barrel. US crude prices were as high as $83.21 to $82.50. Demand for crude oil slowed down to a new high.
Meanwhile, gold prices in Mumbai bullion market rose by Rs 99.50 to Rs 65,426 and by Rs 99.90 ex-GST to Rs 65,689, while silver in Mumbai rose to Rs 73,886 (ex-GST). Gold and silver prices in Mumbai were 3 percent more than this price including GST.