Gold headwinds: Silver gains though

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MUMBAI: Gold prices in Mumbai jewelery market were on the decline after rising today. While silver prices were firm. There were indications of a fall in gold prices in the world market. Funds eased on rising gold in world markets today as the global dollar index rose. Gold prices in the world market were directed at 1830 to 1832 to 1833 dollars an ounce from the 1843 to 1844 lows.

However, global silver was firm today. The price of silver in the world market was 21.71 to 21.72 in low 21.64 and high 21.84 to 21.75 to 21.76 dollars per ounce. At home in Ahmedabad jewelery market today, silver prices increased by Rs.200 to Rs.67700 per kg.

Ahmedabad gold prices were Rs.58200 at 99.50 and Rs.58400 at 99.90 per 10 grams. Meanwhile, platinum prices in the world market were at 939 to 930 to 931 dollars an ounce after 923 from 928 to 929 an ounce. Palladium prices ranged from 1514 to 1515 lows of 1492 and highs of 1526 to 1511 to 1512 dollars.

Global copper prices were 1.70 to 1.75 percent plus today. Global crude was soft. New York crude prices were at $75.97 to $76.77, down from $76.88 a barrel, while Brent crude was down $82.65 to $83.53 from $83.63 a barrel. Tensions between Russia and the United States have risen since the US president's visit to Ukraine, and global market players have been eyeing it.

Meanwhile, in the Mumbai jewelery market today, gold prices were at Rs.56,158 at Rs.56,374 at 99.50 and Rs.56,384 at Rs.56,601 at 99.90, while Mumbai silver was at Rs.65,639 at Rs.65,639 at Rs.65,760 at Rs.56,601 without GST. 65770 remained. In Mumbai gold and silver prices including GST were 3 percent higher than this price.

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