Mumbai: Gold and silver prices increased slowly in Mumbai’s jewelery market today. However, funds saw selling as precious metals prices jumped on world market news. There was a rise in the dollar index in the world market and there was talk of a surge in gold sales globally. Meanwhile, the dollar appreciated against the rupee in the domestic currency market today, which had a positive impact on the jewelery market. The price of dollar reached the highest level of Rs 85.86.
In the jewelery market of Ahmedabad today, gold prices increased by Rs 200 per 10 grams to Rs 99.50 to Rs 79700 and from Rs 79900 to Rs 99.90. Ahmedabad silver prices were quoted at Rs 90500 per kg.
Meanwhile, in the global market, gold prices ranged from a high of Rs 2,651 to Rs 2,652 to a low of Rs 2,655 and a low of Rs 2,645 to Rs 2,649-2,650. Global silver prices ranged from $29.99 to $30.07 to $30.08 an ounce, falling to $30.28 an ounce from $30.27.
The American Petroleum Institute said that crude oil reserves in America have decreased by 40 to 41 lakh barrels. Prices were increased in the world market. Global Brent crude prices ranged from $77.89 to $77.27 a barrel, hitting a high of $76.92, while US crude prices ranged from $75.29 to $74.64, after hitting a high of $74.07. Global copper prices fell by 0.43 percent today.
Global platinum prices ranged from $955 to $956 and global palladium prices ranged from $929 to $930. The global market has been witnessing a long-term trend of higher platinum prices and lower palladium prices. The players were surprised by this.
In Mumbai bullion market today, gold prices without GST increased from Rs 76,817 to Rs 99.90 and from Rs 77,100 to Rs 77,054. While the price of 99.90 was Rs 77126 to Rs 77410 to Rs 77364. Mumbai silver prices rose from Rs 89,474 to Rs 89,503 to Rs 88,468 without GST. Gold and silver prices in Mumbai were 3 percent more than this price including GST.
