Mumbai: Bullion market remained officially closed due to Saturday in Jhaveri market in Mumbai. However, according to market sources, the prices of gold and silver have declined again, as the market looks back on the rise in the closed market on Friday. There was further fall in prices from the news coming from the global market, resulting in a new demand in the domestic jewelery market today, causing a period of selling in the global market.
Gold prices fell from $ 3256-3257 an ounce to $ 3222 in the global market and were expected to close at $ 3240-3241 at the end of the week. The global dollar index rose again against various major currencies in the world market and it crossed 100 points to reach the highest level of 100.33 and was last reported to be at 100.04.
Increased global dollar index indicated increasing selling by global gold funds. Meanwhile, at the domestic level, gold prices fell by Rs 100 in the Ahmedabad jewelery market behind the world market today. 300 rupees per 10 grams. 96,400 for 995 and Rs. Silver fell by Rs 999 to Rs 96,700 in Ahmedabad. Rs 500 per kg to Rs. 94,500.
Silver prices in the global market also remained in line with gold, which fell from lowest level to $ 32.52 an ounce of $ 32.52 an ounce, 31.93 high levels and finally closed from $ 32.01 to $ 32.02. Meanwhile, the price of gold fell to Rs 250 per kg in the Mumbai bullion market today. 93,150 and Rs. In 995 and 999, except GST, Rs 93,550 respectively, while Mumbai silver prices fell to Rs. 93,450 except GST.
Meanwhile, the dollar price increased to 10 rupees against the rupee in the Mumbai currency market. From Rs 84.61 Today it reached Rs 84.53 at the end of business. At the end of the week, copper prices increased by 0.97 percent in the global market. Global platinum prices fell from $ 973 to $ 974, $ 960, $ 965 and $ 966. Paladium prices stood between $ 953 to $ 954, with a minimum of $ 940 and maximum $ 959 and finally closed at $ 956 to $ 957.
Crude oil prices declined globally. There were indications that OPEC countries would also increase production in May and June. Brent crude oil prices fell from the lowest level of $ 61.95 to $ 60.69 and were last spoken at $ 61.29, while US crude oil prices fell from a lowest level of $ 57.74 to $ 58.29.
