look news india
Mumbai: Today, on the day of Dhanteras, the prices of gold and silver increased again in the jewelery market of Mumbai. As the world market gained momentum, domestic jewelery markets gained momentum. As soon as the dollar index and bond yields declined in the world market and crude oil prices also stopped rising, less active buying of gold by funds was seen in the world market.
Due to the rise in the global market, the price of gold in Ahmedabad's jewelery market increased by Rs 500 per 10 grams, crossing Rs 81 thousand and reaching Rs 99.90. Ahmedabad silver price increased by Rs 500 to Rs 97500 per kg. The demand for festivals remained. Shagun, a lot of business was going on.
Gold prices in the world market then increased from $2733 to $2734 per ounce to $2752 to $2753 per ounce. The global price of silver rose from $33.34 to $34.16 on the back of gold. Copper prices rose by 0.37 percent in the world market today. Whereas the price of platinum was 1049 dollars.
The price of palladium was 1234 dollars. Global crude oil prices were also seen rising again after absorbing the shock. Brent crude prices ranged from $72.60 to $72.38, hitting a high of $71.55 a barrel. U.S. crude prices ranged from $68.52 to $68.37, from a high of $67.36.
Meanwhile, at the Mumbai bullion market, gold prices rose to Rs 99,932, Rs 78,430 at 99.50, Rs 78,430 at 99.90, Rs 78,846 to Rs 78,745, Rs 78,245 at 99.50. Mumbai silver price increased from Rs 96086 to Rs 97873 without GST.
Meanwhile, according to sources in the Indian Bullion and Jewelers Association, the demand for gold is expected to decline by 15 to 16 percent on Dhanteras this year. Last year the demand figure was 30 to 35 tonnes, this year it is estimated to be 25 to 30 tonnes.