Mumbai: Gold prices continued to fall in Mumbai jewelery market today. The price of silver also declined. World markets were soft. Selling of funds was seen globally as dollar index and bond yields rose. In the world market, gold prices ranged from 2303 to 2315 to 2316 dollars and from 2316 to 2317 per ounce.
Behind gold, global silver prices were also down from $27.38 to $27.01 to $27.32 to $27.33. Domestically, gold price without GST opened at Rs 71,438 and closed at Rs 71,348 and touched Rs 71,381 per 10 gram in Mumbai bullion market, while at Rs 99.90 the price rose to Rs 71,725. Remained at Rs 71,668 and Rs 71,645.
Meanwhile, market insiders said gold prices on the day of Akhatriz last year were around Rs 60,800, while this year the price of Akhatriz-Tap-Akatriz is up by around Rs 50,000 year-on-year. It was feared that the increase would have a negative impact on the demand for gold.
Meanwhile, silver price in Mumbai today stood at Rs 81,542 as against Rs 81,661 per kg without GST. In Ahmedabad market today gold fell by Rs 100 to Rs 99.50 and Rs 73900. Whereas in Ahmedabad, silver prices remained calm at Rs 82 thousand. In the world market, the price of platinum was $971 while the price of palladium was $955. Global copper prices fell 1.44 per cent today from two-year high.
The American Petroleum Institute said that crude oil reserves in America have increased by 5 lakh 9 thousand barrels. New demand remained slow. Globally, Brent crude prices fell from $82.97 to $81.71 to $82.08 per barrel. US crude prices rose from $78.51 to $76.89 to $77.33.
