Mumbai: A fall in gold and silver prices was seen in Mumbai’s jewelery market today amid the onset of Navratri. World market news showed selling by funds as precious metals rallied. As the global index of dollar and bond yields rose in the world market, global gold retreated. Today in the global market, the price of gold increased from Rs 2651 to Rs 2652 to Rs 2663 per ounce, while the minimum price was from Rs 2641 to Rs 2645 to 2646.
Behind gold, global silver price also crossed $32 to reach a high of $31.47 to $31.48 an ounce, after reaching $32.30 the price fell again to a low of $31.41 to $31.50 to $31.51. Meanwhile, silver prices in Ahmedabad stood at Rs 91,000 per kg and gold prices in Ahmedabad stood at Rs 78,000 and Rs 99.90 per 10 grams respectively.
In Mumbai bullion market, gold prices without GST stood at Rs 99.50, Rs 75,312, Rs 75,500 and Rs 99.90, Rs 75,615, Rs 75,800. While in Mumbai, silver prices increased from Rs 90,700 to Rs 90,900 to Rs 90,671 without GST.
Gold and silver prices in Mumbai were 3 percent more than this price including GST. Meanwhile, copper prices fell by 2.34 percent in the world market today. Platinum prices ranged from $999 to a low of $982 to $984 an ounce. Whereas the price of palladium was from the low of 1014 at 987 to 992 dollars.
Crude oil prices witnessed sideways volatility at higher levels. Brent crude prices ranged from $74.31 to $75.60 to $75.29 a barrel, after hitting a low of 75.92. The price of American crude was Rs 70.52 in the low and Rs 71.86 to Rs 71.57 in the high. Meanwhile, there was news of renewed weakness in the job market, with US jobless claims rising by 6,000 to 225,000.