Gold fell by Rs 1,600 in three days while silver fell by Rs 3,000

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- Weekly gold price breaks nine-month record in global markets: Panic erupts as world markets fall more than 100

- Dollar index bounces back to Rs 74 in domestic currency market amid rising prospect of expected rise in interest rates in the US

MUMBAI: The bullion market in the Mumbai jewelery market was officially closed today due to Saturday, but there were indications of new gaps in the closed market as gold and silver prices continued to decline. The world market was more newsworthy. The Ahmedabad jewelery market was also further down today. Ahmedabad gold price today fell by an additional Rs 500 per 10 grams to Rs 200 at Rs 2.50 and Rs 500 at Rs 8.50. Gold prices have fallen by Rs 1,200 in three days. Ahmedabad silver price fell by Rs 1,000 per kg to Rs 2,000 today. Silver prices fell by Rs 2,000 in three days, market sources said.

In the Mumbai market today, gold without GST was quoted at Rs 200 with a price of Rs 305 at Rs 8.50, Rs 200 with a price of Rs 305 at Rs 7.50 and Rs 200 with a price of Rs 4.50, while the price with GST was three per cent higher than this. Remained high. Meanwhile, Mumbai silver prices were at Rs 500 today, excluding GST, while prices with GST were three per cent higher. Analysts said that the downturn in the jewelery market has continued as import prices have come down further today, even as the global market is collapsing.

Meanwhile, there was news of a slowdown in gold prices in the world market. Global gold prices fell further to 12-150 an ounce, from ૭૬૪ 16 to ૭૬૫ 17 at the end of the week. Gold prices have fallen between થી 100 and 110 a barrel in global markets this week, and according to market analysts, this week's fall is the biggest in nine months.

In the US, the Federal Reserve has signaled an early rise in interest rates, as well as indications that the monthly average monthly bond-buying by the government there will be reduced to ૨ 150 billion. Global gold prices have fallen. With the global dollar rising, the world market has seen widespread selling of funds in gold. As gold prices plummeted, share prices of mining companies, which have large global gold mines, also plummeted on Wall Street, market sources said. Meanwhile, the rise in the dollar this week was the biggest increase in the last nine months, analysts said.

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