Gold breaks further: Silver within Rs.65,000

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Mumbai: Gold and silver prices continued to fall in the Mumbai jewelery market today. With import costs falling at home amid a retreat in the world market, falling prices in the jewelery markets had to dampen the mood due to lack of new demand.

Funds in global gold and silver were easing as the dollar index rose in the world market. Gold prices fell to a two-month low in the global market. Global gold prices were at a low of 1811 to 1812 at 1806 and a high of 1814 to 1811 to 1812 dollars per ounce.

Global silver prices were at $20.57 to $20.71 to $20.72 an ounce, down from $20.76 to $20.77 an ounce. Meanwhile, at home today, Ahmedabad silver prices fell by Rs.500 to Rs.64,500 per kg.

Ahmedabad gold prices fell by Rs.300 per 10 grams to Rs.57,200 at 99.50 and Rs.57,400 at 99.90. Meanwhile, platinum, palladium and copper prices in the global market rose today on optimism of Chinese demand.

Global copper prices rose by 0.80 percent. The price of platinum in the world market was 928 to 929 to 927 to 928 dollars in today's high from 913 to 914 per ounce. Palladium prices ranged from $1,433 to $1,434 to $1,430 to $1,431 an ounce in the range of $1,415 to $1,416 an ounce. Meanwhile, crude oil prices in the global market today also remained soft as they rose.

New York crude prices were 76.32 to 75.58 to 76.12 dollars per barrel. Brent crude prices were 82.38 to 82.89 dollars, down from 83.16 per barrel.

In the Mumbai bullion market today, gold prices without GST were Rs.55555 at 99.50 and Rs.55443 at 99.90 at Rs.55755 at Rs.55666. While the Mumbai silver price without GST was Rs.63650 to Rs.63104 to Rs.63446. Mumbai gold and silver prices with GST were 3 percent higher than this price.

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