look news india
Mumbai: Gold and silver prices stopped falling in Mumbai jewelery market today and rose with a vengeance. As the world market rose and the dollar appreciated against the rupee in the domestic currency market, the import cost of precious metals imported into the country increased and there were fewer sellers and more buyers in the jewelery market.
In Ahmedabad market today, gold price rose by Rs 300 per 10 grams to Rs 79,100 per 99.50 and Rs 79,300 per kg to Rs 99.90, while Ahmedabad silver price rose by Rs 1,000 to Rs 90,500 per kg. , There was news that the prices of gold in the world market increased from 2648 to 2664 dollars per ounce to 2660 to 2661 dollars per ounce. Funds entered the world market to lift the losses in gold today as the global dollar index fell.
Meanwhile, behind gold, global silver prices rose from $30.55 to $30.70 an ounce at $30.65 to $30.66 an ounce. Global platinum prices rose by $926 to $938 from $937, while palladium rose by $956 to $961 from $960.
Pressure was seen on copper and crude oil prices globally. Global copper prices were 0.24 percent softer today. In the world market, Brent crude prices were at a low of 73.70 to 73.95 dollars and at 74.49 per barrel. US crude prices were down from $71.29 to $70.37 to $70.63. Newly high demand slowed.
India’s crude oil imports from Russia fell 55 percent in November, the lowest since June-2022. Global crude oil prices remained under pressure today due to weak Chinese retail sales data. Consumer spending data in China was weak.
In Mumbai bullion market today, the price of gold without GST increased from Rs 99.50 to Rs 76,600 and from Rs 99.90 to Rs 76,908. Mumbai silver prices stood at Rs 89,515-Rs 89,250 without GST. Gold and silver prices in Mumbai were three percent more than this price including GST.