In two days, gold fell by Rs 1,100 and silver by Rs 2,000

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(Gujarat News Office) MUMBAI: Gold and silver prices continued to decline in the Mumbai jewelery market today. World market news was showing signs of recession. With global imports falling and domestic imports falling, falling prices in the country's jewelery markets have kept sellers high and buyers low for the past two days, experts said. In the Ahmedabad jewelery market, gold prices fell further today to below Rs 2,000 per 10 grams.

Gold prices in the world market today fell from ૭૮ 151 to ઔ 15 an ounce and were reported to be at ૭૭૯ 16 to 12 an ounce. Behind gold, global silver also fell further by 4.5 to ૨૯ 7.5 an ounce, from ૫ 4.05 to ૬ 2.09 today. In the United States, there were indications that government bond purchases would be further reduced after the Federal Reserve signaled early growth.

In the Ahmedabad jewelery market, gold prices fell further by Rs 500 per 10 grams to Rs 500 from Rs 2.50 and Rs 2,000 from Rs 4.50. While Ahmedabad silver price today fell by Rs 200 per kg to Rs 30,000. In the Ahmedabad market, gold prices fell by Rs 1,100 and silver by Rs 2,000 in two days, market sources said. Meanwhile, prices of other precious metals also plunged in the global market today.

Platinum prices fell from ૯૨ 106 to ૯૩ 105 an ounce to ૭ 1,081 to ૭૨ 105 an ounce today, while palladium fell from ૨૬૮૬ 6 to ૨૬૮૭ 8 an ounce to અંદર 6 to ૨૫૨૮ 7 an ounce, indicating stagnation. Meanwhile, gold prices in the Mumbai jewelery market today closed at Rs 705, excluding GST, from Rs 7.50 to Rs 4, 2013. While the price of 7.50 was Rs. While prices with GST were three per cent higher than this.

Meanwhile, Mumbai silver prices closed at Rs 5, excluding GST, at Rs 5 today, while prices with GST were three per cent higher. The retreat in crude oil in the world market today also had an effect on gold. Crude oil prices fell by more than half a per cent today.

New York's main contract, light sweet crude for delivery in New York, was trading at ૪ 70.50 to ૭ 70.5 a barrel, while Brent crude was trading at 4.50 to ૪૫ 7.5 a barrel. Global copper prices were further in the minus 0.50 to 0.5 per cent this evening and the impact was felt by the global silver market.


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