Global gold falls sharply: Crude retreats

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(Gujarat News Office) MUMBAI: The Mumbai jewelery market today witnessed mixed weather amid two-way fluctuations in gold and silver prices. Gold prices in the world market today were quoted at ૭૮૨ 16 to ૭૮૩ 15 an ounce, down from ૭૮૭ 12 to ૭૮૮ 12 an ounce. However, global silver prices rose from ૫ 6.15 to ૬ 2.15 an ounce and were trading at ૨૩ 4.5 to ૨૪ 7.5 today.

On the Ahmedabad side, however, gold prices rose by Rs 100 per 10 grams to Rs 2,000 at Rs 2.50 and Rs 200 at Rs 7.50. Ahmedabad silver prices fell by Rs 200 to Rs 200 per kg today.

According to the news received from the world market, in the statistics released in the United States late this evening, the claims of unemployment have reached 3 lakh 2 thousand. As a result, the dollar index rose against the dollar index in the world market as the job market rose. The sale of funds in gold was seen in front.

Platinum, meanwhile, was trading at ૪૬ 105 to ૪૭ 105 an ounce, up from ૪૭ 105 to ૪૮ 105 an ounce, while palladium was quoted at ૨ 203 to ૮૪ 305 an ounce, according to reports.

In the Mumbai market, gold today closed at Rs 5, excluding GST, at Rs 8, Rs 8, Rs 8.50, Rs 5, and at Rs 5, excluding GST. Meanwhile, silver prices in the Mumbai market today ranged from Rs 4 to Rs 2,000 without GST.

While prices with GST were 5 per cent higher. Meanwhile, the fall in crude oil prices by nearly half a per cent in world markets today also had a negative impact on gold prices. New York's main contract, light sweet crude for delivery in New York, was down 6.5 a barrel and Brent crude was at ૯ 4.05 a barrel this evening.

Copper prices in the global market were in the negative range of 4.30 to 7.5 per cent this evening. New demand slowed as crude oil stocks rose in the US. Efforts by China to increase its coal supply have also had a softening effect on crude oil prices.


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