Global gold lost સપાટી 1,800

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(Gujarat News Office) MUMBAI: The bullion market in Mumbai jewelery market was officially closed today following a bank holiday. However, prices remained soft in the closed market. There was news that the price of gold fell again to below જેવા 1,200 an ounce. The global silver price also fell below ૨૫ 8 an ounce today.

Jewelery markets today saw more sellers and fewer buyers as the cost of importing precious metals fell sharply amid a global market slump. With the dollar index rising again in the global market and the yields of US bonds and treasury also rising again, the price of gold in the world market today fell from ૮૨૨ 15 to ઔ 16 an ounce to ૭૯૭ 15 to ૭૯૮ 12 an ounce.

On the back of gold, global silver also declined by ૨૫ 2.15 an ounce to ૨૫ 2.15 an ounce, from ૯૯ 4.5 an ounce today. At home, gold prices fell by Rs 200 per 10 grams to Rs 300 from Rs 4.50 and Rs 700 from Rs 4.50 in the Ahmedabad jewelery market today. While Ahmedabad silver prices fell by Rs 200 per kg to Rs 200 today.

Platinum prices in the world market ranged from ૬૯ 1050 to ૭ 1,050 per ounce to ૭ 1,050 to ૭ 1,071 an ounce, while palladium prices jumped from ૨૫૯૨ 6 to ૨૫૯૩ 8 an ounce to ડો 500 and were quoted at ૨૬૫ 6, up from ૨૬૫ 31 today. In the Mumbai market today, gold was trading at Rs 80, up from Rs 305 per ounce, excluding GST. While the price of 2.50 was Rs. Prices including GST were 10 per cent higher than this.

Meanwhile, global crude oil prices rose by nearly two per cent today on the back of a shock, which was supported by a decline in global gold, analysts said. Crude oil prices rose to ડો 70.60 a barrel on the world market today, hitting a new high of બ્રે 70 a barrel. New York's main contract, light sweet crude, crossed the 7 mark today and traded at ૪૫ 4.5 to ૫ 7.50.

World copper prices were up 0.08 per cent this evening. Meanwhile, according to the American Petroleum Institute, crude oil stocks in the United States have risen by 3 lakh 6 thousand barrels. Such stock was expected to fall by 20 to 3 lakh barrels, but world market experts were surprised by the rise in the stock.

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