Mumbai: Gold prices stopped falling in Mumbai jewelery market and rose again today. There was news that the price of gold in the world market has increased again after absorbing the shock. Even in the domestic market, prices in the jewelery market were falling and rising, lagging behind the world market. As inflation increased in the world market and the value of the rupee fell again against the dollar in the currency market, market experts were saying that domestic import costs had increased.
Meanwhile, gold price in Ahmedabad jewelery market which had fallen by Rs 2,500 per 10 grams in two days, rose by Rs 500 today. In Ahmedabad, gold prices rose from Rs 99.50 to Rs 78600 and from Rs 99.90 to Rs 78800.
Ahmedabad silver price was Rs 90 thousand per kg. Meanwhile, gold prices in the world market rose sharply from 2655 to 2656 to 2653 to 2654 dollars and touched a low of 2631 to 2632 to 2627 an ounce. Due to the fall in the global dollar index and bond yields, there was discussion in the market today about the re-entry of funds into gold in the world market.
Meanwhile, in the global market, silver prices ranged from $30.58 to $30.59 to $30.27 an ounce and from $30.70 to $30.46 to $30.47 an ounce. Platinum prices ranged from $938 to $939, from $925 to $934 to $935 an ounce. Palladium prices ranged from a low of $992 to $993 to $972 and a high of $998 to $985 to $986.
Global copper prices were 0.69 percent higher. Meanwhile, according to the news from Delhi, according to the sources of Bureau of Indian Standards, the work of drilling holes in silver can start soon. At present this rule is voluntary, now experts were predicting that it will be made mandatory for silver items.
In Mumbai bullion market, gold prices without GST were at Rs 99.50, Rs 75,870, Rs 75,387 and at Rs 99.90, Rs 76,175, at Rs 75,690. While in Mumbai, silver prices increased from Rs 88,463 to Rs 88,898 to Rs 88,430 without GST. Gold and silver prices in Mumbai were 3 percent more than this price including GST.
Meanwhile, one-sided fluctuations were seen in the prices of crude oil in the world market today. Brent crude prices were at $73.37 to $73.20, after hitting a low of $72.66 a barrel at $73.43. Crude oil prices rose again amid signs of a global ceasefire and OPEC scaling back production hikes.
