look news india
Mumbai: The decline in gold and silver prices in Mumbai's jewellery market continued at a slow pace today. The fall in the dollar in the currency market is affecting the jewellery market. However, gold prices in the global market rose again after digesting the shock, global gold prices rose from 2321 to 2322 per ounce, 2332 to 2326 to 2327 dollars. Amid the fall in the global dollar index, there was talk that the reduced purchase of funds in gold in the world market today has increased again.
Meanwhile, in the domestic market, gold prices fell by Rs 100 per 10 gram to Rs 99.50 at Rs 73,900 and Rs 99.90 at Rs 74,100 in the Ahmedabad jewellery market. Silver prices in the global market were in the range of $29.55 to $29.56, high of $29.72 and low of $29.34 to $29.54 to $29.55 an ounce. Global copper prices were down by 0.21 per cent today.
However, crude oil prices rose in the world market. Brent crude prices rose from a high of $85.24 to $85.70 to $85.33 per barrel, while US crude prices rose from $80.73 to $81.17 to $80.82. As the dollar index fell, global crude oil demand also rose again. Meanwhile, global platinum prices were in the range of $1008-1009 to $101-1002 per ounce today at a high of 994-995.
Palladium prices ranged from $1002 to $1003 to $994 to $995 and highest at $954 to $955. Meanwhile, gold prices stood at Rs 71,328 at 99.50 without GST and Rs 71,375 at 99.90 at Rs 71,615 at Mumbai bullion market today. Silver prices in Mumbai stood at Rs 88,700 with GST and Rs 88,671 without GST.
Gold and silver prices in Mumbai were 3 per cent higher than this price including GST. Meanwhile, gold trading in Singapore has shown signs of picking up. With the recent drop in the Reserve Bank of India's offshore gold reserves, such reserves have fallen to a 6-year low. On the other hand, there has been a 53 per cent increase at home, informants said.