The decline in gold-silver prices continued

(Gujarat News Office) MUMBAI: Gold and silver prices continued to decline in the Mumbai jewelery market today. With the rupee surging in the currency market and the dollar depreciating following the record rally in the stock market, the import cost of precious metals has come down. World market news was also showing a decline in rising prices and its impact was also seen on domestic gold-silver prices.

Gold prices in the world market ranged from ૮ 1,315 to ૮ 1,215 an ounce to ૮ 1,210 to ૮ 1,211 an ounce from ૮ 1,215 to ૮ 1,215 an ounce. Behind gold, global silver also traded lower by 3.05 an ounce to ૪ 2.09 an ounce. In the domestic currency market, the dollar fell to Rs. 8 had landed at the bottom.

In Ahmedabad jewelery market, gold price today touched Rs. 200 fell to Rs. 500 and Rs. 200 were spoken. The world market was now keeping an eye on the job growth figures to be released in the US.

Meanwhile, in the United States, there are indications that the government will reduce bond buying in the future, and now there is talk of reducing such bond buying in Europe as well.

Meanwhile, global platinum prices fell by ૧ 1,015 to ૬ 1,015 an ounce from ૪ 1,008 to ૫ 1,005 an ounce today, while palladium prices, which had risen to a high of ૨૫ 200 an ounce, fell to ૨૪૮૯ 8 to ૨૪૯ 20 today.

In the global market, however, copper prices rose 0.50 per cent to 0.2 per cent today, indicating that global silver prices were down. In today's world market, however, crude oil prices fell by an average of one per cent and its impact on global gold prices was negative. New York's main contract, light sweet crude for delivery in New York, fell to 2.50 a barrel today. Brent crude was trading at ૯ 4.50 to ૯૫ 7.5. It went above ૭૩ 8 and went from ૨ 2.50 to ૨૫ 4.5.

Experts feared that the outbreak of Delta virus in various countries of the world would affect the demand for crude oil. OPEC's crude-producing countries and allies meeting on Wednesday (today) were keeping an eye on what is now being decided on production growth.

In the Mumbai market today, gold price is Rs. 2.50 per Rs. 2 with Rs. 5,050 and Rs. 8 while prices with GST were three per cent higher. Meanwhile, Mumbai silver prices today touched Rs. 205 with Rs. 302 and prices with GST were three per cent higher. It was reported today that China has increased liquidity by pouring about 20 to 30 billion yuan into its banking system. This had an effect on the global dollar.