Gold-silver boom in jewelery market

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MUMBAI: Gold and silver prices in the Mumbai jewelery market took a break today and prices remained on a rebound. World market news was showing a sell-off. Ahmedabad: Gold prices fell by Rs 200 per 10 grams to Rs 800 from Rs 3.50 and Rs 3,100 from Rs 4.50 today. Ahmedabad silver was Rs 300 per kg.

Meanwhile, gold prices in the Mumbai market today were Rs 810, excluding GST. While the price of silver excluding GST was Rs.

Gold prices in the world market today stopped falling and fell below ૮ 1,200 an ounce. Global gold prices, which ranged from ૪ 1,308 to ૫ 1,305, fell to ૭૯૨ 12-13 today. Behind gold, global silver prices also traded lower at ૯ 6.50 an ounce, up from ૯ 4.50 an ounce today.

The price of platinum fell from ૧ 1,011 to ૨ 1,015 in the year 2000, which fell below ૦ 1,000 to ૯૯૩ 6 to 7. Palladium prices were reported to fall sharply to થી 60 to ૨૪૫ 71 today.

World crude oil prices rose above ૭ 61 a barrel. There were indications that rising crude prices would also support lower gold prices. New York Crew prices rose about half a percent today to ૯ 2.50 to ૯૫ 4.5.

Brent crude jumped as much as 5 per cent to ૬ 61.50 from ૬ 61.70 to ૬૨ 71.5 today. Meanwhile, according to Goldman Sachs, the US government will reduce bond buying by about ૫ 12 billion from November.

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