Mumbai: Gold prices stopped rising and fell again in Mumbai's jewellery market today, while the decline in silver prices intensified. World market news was showing a sharp decline in prices. There were more sellers and fewer buyers in jewellery markets today due to a fall in domestic import costs due to global market turmoil.
Meanwhile, gold prices remained low at 2325 to 2326 from 2304 to 2305 from 2316 to 2317 dollars an ounce in the global market today. The dollar price rose in the world market today due to the low possibility of reduction in interest rates in the United States, global gold today showed signs of increased selling by funds.
In the domestic market today, the price of gold in Ahmedabad market fell by Rs 650 per 10 grams to Rs 73450 per 10 grams and Rs 73650 per 99.90 grams. Ahmedabad silver prices fell by Rs 750 to Rs 90500 per kg. Following gold in the global market, silver prices also remained at $ 28.71 to $ 28.95 to $ 28.96 per ounce and $ 29.60 to $ 29.61 per ounce today.
Meanwhile, global copper prices were up by 0.31 per cent today. Global platinum prices also rose from 991 to $1005 to $1004 per ounce. However, global palladium prices fell from 971 to 938 with guidance of $950 to $951. Adverse fluctuations were seen in crude oil price in the world market.
The price of Brent crude today was $ 85.61 per barrel, lowest $ 84.81 and highest $ 85.76 to $ 85.37. Gold prices in Mumbai bullion market today fell by Rs 99.50 from Rs 71,452 to Rs 80,982 without GST.
While the price of 99.90 was Rs 71739 and Rs 71267. On the other hand, the price of Mumbai silver today fell from Rs 88515 without GST to Rs 85670 to Rs 86944. The price of gold and silver in Mumbai was 3 percent higher than this price including GST.