look news india
Mumbai: Gold and silver prices rose in Mumbai's jewellery market today. News from the world market was encouraging. Domestic new sales have slowed due to the global economy. Gold prices in the world market rose from 2341 to 2368 to 2363 to 2364 dollars per ounce.
In the domestic market, the price of gold in Ahmedabad market rose by Rs 550 per 10 grams to cross the highest level of Rs 75 thousand. Gold prices in Ahmedabad rose by 99.50 to Rs 74950 and silver by 99.90 to Rs 75150. Ahmedabad silver price today rose by Rs 250 to Rs 91500 per kg.
Meanwhile, silver prices rose to $30.85 from $30.28 to $30.29 an ounce globally. Global gold is seeing increased buying by funds due to a fall in the dollar index and a reduction in bond yields. Meanwhile, platinum prices in the global market crossed $1,000 to $1,004 from $1,001 to $1,002 an ounce today. Palladium prices were at a low of 926 and a high of 976 to $974 to $975.
Global copper prices fell by two percent today. Copper prices fell amid signs that China's property market sales data may come in weaker than expected today. Meanwhile, global crude oil prices remained soft. Brent crude prices were lower at $85.31 to $85.70 while US crude prices were lower at $81.30 to $80.92.
In Mumbai bullion market today, the price of gold at 99.50 rose from Rs 71,873 to Rs 72,455, while the price at 99.90 rose from Rs 72,162 to Rs 72,746. While the price of silver in Mumbai rose from Rs 90038 to Rs 90666 without GST.
Meanwhile, the dollar fell 12 paise from its highest level against the rupee in the Mumbai currency market today. The price of the dollar fell from Rs 83.66 to Rs 83.49 and finally settled at Rs 83.54. The price of the euro fell by 34 paise to Rs 89.38 and the price of the British pound fell by 58 paise to Rs 105.70.
