Mumbai: Gold prices surged to record highs in Mumbai’s jewelery market today as record highs were broken. There were reports from markets around the world that a decline was being seen. As the global dollar index and bond yields rose, funds started selling as gold prices rose in world markets. Profitable sales started today with new demand at high levels in domestic jewelery markets too, lagging the world market.
In the jewelery market in Ahmedabad today, gold prices fell by Rs 300 per 10 grams to Rs 99.50 to Rs 82300 and from Rs 99.90 to Rs 82500, while silver prices in Ahmedabad fell by Rs 1000 to Rs 90500 per kg. In the world market, gold prices fell from 2759 to 2760 to 2737 to 2740 to 2741 dollars an ounce. Behind gold, global silver prices also fell from $30.83 to $30.84 to $30.09 to $30.14 to $30.15.
Global platinum prices stood at $ 946 an ounce. While global palladium prices stood at $988. Global copper prices were 0.56 percent lower today. Meanwhile, one-sided fluctuations were seen in the prices of crude oil in the world market. The price of Brent crude was 79.47 dollars in high and 78.60 to 79.03 dollars in low. The American Petroleum Institute said that crude oil reserves in America have increased by 1 million barrels.
Meanwhile, in Mumbai bullion market today, gold prices without GST stood at Rs 99.50, Rs 79,719, Rs 79,873 and Rs 99.90 at Rs 80,194. Market insiders said today’s fall in gold was limited to the same extent as the rupee depreciated again. Meanwhile, in Mumbai, silver price stood at Rs 90,633 as against Rs 91,248 without GST.
Comments are closed.