look news india
Mumbai: Gold and silver prices continued to fall in Mumbai's jewellery market today. New demand remained slow. News from the world market was indicating a retreat. However, markets were closed in the US due to Labor Day. Gold price in the world market was at 2490 to 2491 to 2502 to 2503 dollars and lower at 2503 to 2504 per ounce. Silver price in the global market was at 28.32 to 28.62 to 28.63 dollars, lower at 28.86 to 28.87 dollars per ounce.
Meanwhile, domestic gold prices today stood at Rs 73,800 at 99.50 per 10 gram and Rs 74,000 at 99.90 in the Ahmedabad jewellery market, while silver prices fell by Rs 500 per kg to Rs 83,500 in Ahmedabad.
Meanwhile, platinum prices were at the low of 929 to 930 and at the high of 924 to 926 to 927 dollars per ounce in the global market today, while palladium prices were at the high of 969 to 970 and at the high of 977 to 972 to 973 dollars.
Global copper prices were soft by 0.88 per cent. There was talk in the world market that OPEC countries may increase production from October. Brent crude prices were at a low of $76.93, up from $76.21 to $76.83 per barrel, while US crude prices were at a low of $73.55, up from $72.89 to $73.47.
The market was waiting for new demand from China. Meanwhile, gold prices in Mumbai bullion market rose from Rs 71,350 at 99.50 to Rs 71,225 at 99.90 to Rs 71,225 at 99.90 to Rs 71,437 from Rs 71,511 to Rs 71,650. Silver prices in Mumbai rose from Rs 84,000 without GST to Rs 82,376 to Rs 82,780.
Global experts were predicting that Saudi Arabia may reduce the prices of crude oil in October. Experts were also predicting that from October OPEC countries will increase their daily production by 1 lakh 80 thousand barrels.