Decline behind the world market in gold-silver

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MUMBAI: The bullion market in Mumbai jewelery market was closed today. However, in the closed market, gold-silver prices continued to decline. World market news was disappointing. In the Mumbai market, gold was trading at Rs 30 per 10 grams excluding GST at Rs 8, while it was trading at Rs 30 per 10 grams at Rs 9.50. Mumbai silver price was Rs 500 per kg excluding GST

Meanwhile, in the Ahmedabad jewelery market, gold prices fell by Rs 100 to Rs 200 from Rs 4.50 and Rs 200 from Rs 4.50. In Ahmedabad, silver fell by Rs 200 to Rs 200.

Meanwhile, world gold prices fell from ૭૯૩ 15 to ૭૯૪ 16 an ounce to ૭૮૭ 16 to અંતે 16 over the weekend. Behind gold, silver also rose from a high of ૮ 8.05 to ૯ 4.05 to a high of ૨૩ 4.5 to ૨૪ 7.5, and finally fell to a low of ૨૩ 4.5 to ૭૫ 6.5 over the weekend.

In the global market, the dollar index and bond yields have been rising and gold has been selling funds. According to world market analysts, the price of gold is approaching ૮ 1,200.

Platinum was trading at ૯૮૪ 6 to ૯૬ 21 an ounce, while palladium was trading at ૨ 60 to ૨૨૪ 71, falling below અંતે 500 over the weekend to 215 to ૩૯ 215. In the global currency market, the dollar was trading at Rs 6.50 against the dollar in the previous session.

Meanwhile, rising crude oil prices in the global market have led to a decline in gold. New York's main contract, light sweet crude for delivery in New York, was quoted at 6.5 a barrel and Brent crude was quoted at ૨ 6.50 a barrel.

There was news of short supply in America. There has been a recent hurricane that has affected crude production. However, news of China's decision to sell crude oil from its own stock led to indications that growth in global crude oil prices was limited.

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