Mumbai: Silver today rose by Rs 870 to cross Rs 94,000 and hit a new high of Rs 94,270 in the Delhi bullion market. The news of the world market showed a rapid sell-off by funds. With the global dollar index rising again, gold prices in the world market today were indicated at $ 2368 to $ 2375 to $ 2376 per ounce from $ 2392 to $ 2393 per ounce.
Following gold, global silver prices also fell from 31.21 to 31.22 to 30.82 to 31.11 to 31.12 dollars per ounce. Today gold prices in Ahmedabad jewellery market fell by Rs 500 to Rs 99.50 to Rs 74,800 and Rs 75,000 per 10 grams. Ahmedabad silver price rose by Rs 1000 to Rs 93000 per kg.
In the Mumbai bullion market today, the price of 99.50 gold without GST was Rs 72,950 or Rs 72,455 and the price of 99.90 gold without GST was Rs 72,746 or Rs 73,250. The price of silver in Mumbai was Rs 91,950 and Rs 91,733 without GST. The price of gold and silver increased by three percent due to GST in Mumbai.
The price of platinum in the world market today was at $1011 to $1012 per ounce at 1031. Palladium prices were at $1017 to $1018 at 1030. However, global copper prices were stable on the upside. Meanwhile, crude oil prices in the world market today were at $85.59 to $86.14, lower than Brent crude's price of $86.54 per barrel.
US crude prices were at $82.52 from $82.10, up from a low of $83.16. Meanwhile, according to world market news, China's new gold purchases have slowed down for two months and its impact was visible on global gold prices.
The price of dollar against rupee continued to fluctuate in Mumbai currency market today. After opening at 83.45 rupees in the morning, the price of dollar went down to 83.43 rupees, then went up to 83.51 rupees and finally closed at 83.50 rupees.
The fall in the stock market is affecting the rupee in the currency market and after the rise in the rupee till afternoon, there are signs of further decline in it. The global index of the dollar was indicating to remain in plus against various major currencies in the world market.