Ahmedabad, Mumbai: It is reported that gold fell from $ 3301 to $ 3302 an ounce in the world market today to $ 3202. In the global market, there were indications of increasing the selling of funds in gold, as the global dollar index rose and the bond returns also increased. According to the global market, the domestic Ahmedabad jewelery market also declined by Rs 100 by Rs 100 today. 1,500 rupees per 10 grams. 962,002 in 995 and Rs. Silver fell by Rs 999 to Rs 96,500 in Ahmedabad. Today it was Rs 2000 per kg. 94,000.
Bullion market remained officially closed in Mumbai’s Jhaveri market today. However, there were indications that the price of gold and silver would continue to fall when the market is closed. The news coming from the world market was indicating further fall in prices. As the global market declined, domestic import costs also declined. However, it is reported that the government has increased the tariff price used as benchmarks to calculate import duty on imported gold and silver in the country, and as a result, the effective import duty on precious metals has increased the same amount, said market sources.
Silver prices in the global market fell from $ 32.55 to $ 32.66 to $ 31.66 and then reached $ 32.35 to $ 32.35. Meanwhile, the price of gold was Rs 100 per kg, except for GST in the Mumbai bullion market. 92,450 for 995 and Rs. Today, Rs 92,850 for Rs 999 in the closed market, while the price of Mumbai silver is Rs. 93,000 rupees except GST. Gold and silver prices in Mumbai were three percent higher than this price including GST.
Meanwhile, the Government of India has increased the tariff price of gold from $ 1,032 to $ 1,064 per 10 grams, while there are reports that the silver tariff price has been increased from $ 1,045 to $ 1,076 per kg. As a result, effective fees have increased.
The fall in crude oil prices in the world market had a negative impact on global gold prices. Saudi Arabia has indicated an increase in production. American GDP figures were weak. Meanwhile, Brent crude fell from $ 59.30 per barrel to $ 59.98 per barrel in the global market.
US crude oil prices fell from $ 56.39 to $ 57.08. There were indications that the price of gold in the Ahmedabad market has fallen by Rs 100. 2,500 and silver priced at Rs. 4,000 in two days.
The price of the dollar increased from Rs 10 to Rs 12 against the rupee. 84.49 Rs. Today, the dollar opened at 84.60 at the end of trading at the Mumbai currency market, while the global dollar index rose to 99.85. Global platinum prices were $ 960 and Paldium prices were $ 940. Globally, copper prices increased by 0.60 percent today.
