look news india
Mumbai: Gold prices fell from their peak today due to breaking of record bullish trend in Mumbai's jewelery market. Increasing selling of funds was visible in world market news. According to world market news, inflation data released in the US today indicates that the inflation rate is higher than expected. Due to rising inflation, there is a possibility of further delay in cutting interest rates. And due to this, global gold prices were seen falling from the peak today amid calculations of the dollar index rising again in the world market.
In the world market, the price of gold was at the low level of 2169 to 2170 dollars from 2179 to 2180 per ounce. Behind gold, global silver prices were also at a low of $24.36 an ounce at $24.68 an ounce.
Gold price ranged from $2169 to $2170 with a low of $2184 to $2185. Behind the global market, change also occurred at the domestic level. Experts were fearing that new purchases in the market would slow down due to the beginning of Holashtak at home.
In the jewelery market of Ahmedabad today, gold prices fell by Rs 100 per 10 grams to Rs 99.50 to Rs 67500 and from Rs 67700 to Rs 99.90. Whereas in Ahmedabad, silver prices fell by Rs 500 to Rs 73500 per kg. Meanwhile, globally copper prices rose 0.39 per cent after rising 0.55 per cent today, while palladium traded at $104 an ounce from low of 1035 to close at $1011-1012.
Platinum was priced at $928 with a range of $919 to $920. Crude oil also retreated from its highs in the global market. The price of Brent crude fell to $ 82.13 per barrel and the price of US crude fell to $ 77.83 per barrel.
In Mumbai bullion market today gold prices without GST were at Rs 65303 at Rs 99.50, at Rs 65303 at Rs 99.90 and at Rs 65566 at Rs 65646. Mumbai silver prices stood at Rs 72,766-Rs 72,675 without GST. Gold and silver prices in Mumbai were 3 percent more than this price including GST.