Global gold falls below 00 1800

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MUMBAI: The weather in Mumbai Zaveri Bazaar was mixed today. The decline in gold prices continued. When the price of silver digested the shock and rose again. Gold prices in the world market fell from ૯ 1,305 to ૮ 1,210 an ounce to close at ૮ 1,200 this evening. The strength of the global dollar index and the strength of bonds and treasuries led to a sell-off in gold markets.

However, Morgan Stanley, Citigroup v. Govt. In a cautious tone, experts said gold prices were likely to rise again instead of falling further. Meanwhile, behind the world market, gold prices in the Ahmedabad jewelery market today fell by Rs 100 per 10 grams to Rs 900 from Rs 4.50 and Rs 900 from Rs 4.50.

Silver, meanwhile, traded at ૩૮ 4.5 to ૩૯ 7.5 an ounce, up from ૩૮ 4.5 to ૨૫ 7.5 an ounce today. Silver prices rose in Mumbai and Ahmedabad markets today despite a decline in global markets.

Ahmedabad silver price rose by Rs 1,000 per kg to Rs 2,000. While Ahmedabad gold prices remained soft. In the world market, the price of platinum fell from ૧ 1,015 to ૪ 1,012 an ounce today, falling below ૧ 1,000 to ૯૯૯ 8,000 to જ્યારે 1,000, while the price of palladium fell from ૨૩૮૭ 6 to ૨૩૮૮ 8 to ૨૩૪૯ 8 to આજે 20 today.

In today's world market, crude oil prices were on the verge of rising by 1.5 per cent. New York's main contract, light sweet crude for delivery in New York, traded at ૨૫ 4.5 to ૩ 6.50 a barrel this evening, while Brent crude traded higher at ૫૫ 4.5 to ૬ 6.50 a barrel.

In the Mumbai jewelery market, gold prices today closed at Rs 305, excluding GST, at Rs 305, Rs 4.20 and Rs 890, which is Rs 4.50. Prices including GST were 3 per cent higher than this. Mumbai silver prices today closed at Rs 710, excluding GST, from Rs 310 to Rs 510. While prices with GST were 5 per cent higher than this.

In the Mumbai currency market, the rupee strengthened against the dollar today and the rupee depreciated further. The dollar, which started at Rs 4.5 today, rose to Rs 4.5 after opening at Rs 4.91 and touched a high of Rs 4.31 at the last close of Rs 2.50. The dollar had gained another 15 paise today.


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