look news india
Mumbai: A sharp fall in the prices of gold and silver was seen in the jewelery market of Mumbai today. Due to the collapse of the world market, domestic import costs reduced and sales increased in the country’s jewelery markets today. However, demand for wedding dresses was also seen in the market. The news came that the price of gold in the world market fell below $ 2700 per ounce.
Meanwhile, in the domestic Ahmedabad jewelery market, the price of gold fell by Rs 1300 per 10 grams to within Rs 80 thousand. Ahmedabad silver price fell from Rs 2500 per kg to under Rs 90 thousand.
In the world market, gold prices ranged from $2,658 to $2,659, $2,681 to $2,682 and a low of $2,716 to $2,717 an ounce. Selling of funds increased due to the rise in gold prices globally. Globally, funds’ gains in gold in the global market reduced today as tensions between Russia and Ukraine eased and tensions between Iran and Israel eased.
Meanwhile, in the global market, silver prices remained at a low of $31.35-30.52 and $30.73-30.74 an ounce against gold. In Ahmedabad market today, gold prices fell by 99.50 to Rs 79,300 and silver prices fell by 99.90 to Rs 89,500.
Global platinum prices today declined to $966-967 an ounce from $946 to $952-953 an ounce. Palladium prices ranged from 1011 to 1012 lows of $994 to $997 to $998. However, global copper prices rose 0.65 per cent today. A slow decline was recorded in global crude oil prices today.
The price of Brent crude ranged from 75.17 to 74.37 to 75.10 dollars per barrel. While the price of American crude was from 71.24 to 70.40 to 71.04 dollars. New demand remained slow. The market was eyeing the OPEC meeting to be held on December 1.
In Mumbai bullion market today, gold prices ranged from Rs 77,850 to Rs 76,391 to Rs 76,772 without GST at 99.50. While at 99.90 it traded at Rs 78150-76698-77081, Mumbai silver traded at Rs 90900-8908-Rs 89445 without GST. Gold and silver prices in Mumbai were 3 percent more than this price including GST.