Mumbai: Gold prices increased in Mumbai jewelery market today. While silver prices declined. The prices of precious metals jumped in the world market. Meanwhile, there are indications that the government has reduced the tariff price used as benchmarks to calculate import duty on imported gold and silver in the country.
This has reduced effective import duty on precious metals. The tariff price of gold has been reduced from $ 938 to $ 927, while the silver tariff price has been reduced from $ 1043 to $ 1025.
Meanwhile, the price of gold per ounce in the world market today increased from $ 2857 to $ 2858, $ 2877, $ 2878, $ 2874 to $ 2875. At the domestic level, the price of gold in the Ahmedabad jewelery market today increased by Rs 200 per 10 grams to Rs 87,600 (99.50) and Rs 87,900 (99.90), which is behind the global market. Whereas in Ahmedabad, silver fell by Rs 500 per kg to Rs 94,500.
However, the price of silver in the world market increased from $ 31.16 to $ 31.58, which remained within the range of $ 31.55 to $ 31.56.
Meanwhile, crude oil prices saw unbalanced fluctuations. Brent crude prices were at $ 73.05 per barrel, with a minimum of $ 72.34 and maximum than $ 73.67. US crude prices were at a minimum of $ 69.26 and a maximum of $ 70.60. The market was eyeing China’s encouragement program. Funds were re -admitted to global gold due to the dollar index and fall in bond rewards in the global market.
