Gold falls: Silver doubles: Palladium jumps to 27 2,700

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(Gujarat News Office) MUMBAI: Gold prices continued to decline in the Mumbai jewelery market today. While prices in silver rose again after initially breaking. There was news of a further decline in gold prices in the world market.

The rise in the dollar index in world markets was followed by encouraging consumer confidence data in the US, which was followed by news of a surge in funds selling in global gold. In today's world market, gold prices fell by લર 15 to ૭૬૬ 12 an ounce to ૭૫૬ 12-13 an ounce. The rupee's decline against the dollar in June was the biggest in 12 months, market sources said.

Meanwhile, in the Ahmedabad market today, gold prices fell by Rs 100 per 10 grams to Rs 900 from Rs 4.50 and Rs 200 from Rs 8.50. While Ahmedabad silver price today fell by Rs 200 per kg to Rs 4,000. Silver in global markets traded lower at ૨૫ 3.71 to ૮૩ 6.5 an ounce, up from ૨૫ 7.5 to ૮૩ 7.5 an ounce.

Palladium, however, surpassed થી 61 to ૨૬૭૨ 800 an ounce and crossed ડો 200, with prices reportedly hovering between ૨૭ 501 and ૨ 705 today. In the US, meanwhile, consumer confidence rose by 3.50 points to 19.20, hitting a new high since February 2020. Meanwhile, the private sector job growth figures released this evening were weak.

Meanwhile, in the Mumbai jewelery market, gold excluding GST closed at Rs 8, Rs 20 per ounce and Rs 4, at Rs 2,505, excluding GST, while prices with GST were 3 per cent higher. Mumbai silver bhavas today closed at Rs 205, excluding GST, from Rs 5 to Rs 5, while prices with GST were 3 per cent higher than this.

In the Mumbai currency market, the rupee weakened further against the dollar today as the dollar opened at Rs 4.5 against the rupee this morning, after hitting a low of Rs 4.5 and a high of Rs 5. At the end of the 5th day, the last closing price was Rs 4.5. The dollar rose another ten paise today. The impact of the downturn in the stock market was also felt on the rupee in the currency market, with the British pound depreciating against the rupee today and rising again to Rs 105. The British pound opened at Rs 104.5 today, after opening at Rs 103.5, then fell to Rs 103.5, then moved to Rs 107.05 in the last session and last closed at Rs 103.00.

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