look news india
Mumbai: Gold and silver prices again fell in Mumbai's jewelery market today. New demand remained slow. There was talk of selling in precious metals domestically due to bearish signals in global market news. Today the price of gold in the world market was 2329 to 2330 per ounce, prices were 2309 to 2310, 2311 to 2312 dollars.
There was talk of increasing sales of funds in global gold due to increase in dollar index and bond yield in the world market. Trailing the world market, gold price fell by Rs 500 to Rs 99.50 and Rs 74000. Ahmedabad Silver prices fell by Rs 500 per kg to Rs 80,500. Today, behind gold, silver prices also fell from 26.51 to 26.52 to 26.54 to 26.55 dollars in the global market.
Meanwhile, global copper prices were down 1.29 per cent from today's high. Global platinum prices stood at $937. The price of palladium was $954. Brent crude oil prices fell by $89.22 per barrel from $88.07 to $88.48. While the price of US crude was at a low of 83.77, it was in the range of 82.27 to 82.90 dollars. New demand remained slow.
Global crude oil markets came under pressure as ceasefire talks began between Israel and Hamas. Meanwhile, there was discussion in the world market that some OPEC producing countries are seen producing more than their allotted production quota. Its effect was also seen on the market price.
Meanwhile, in Mumbai bullion market today gold prices without GST were quoted at Rs 71423, at Rs 72083, at Rs 99.50, at Rs 71710 and at Rs 72373, at Rs 99.90. Whereas in Mumbai the price of silver without GST was quoted at Rs 81128 to Rs 80050.