Gold also broke the gap of Rs.1500 due to the increase in silver prices: Crude oil crossed 84 dollars

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MUMBAI: Gold and silver prices in the Mumbai jewelery market today broke sharply after rising. Ahmedabad silver prices fell by Rs.1500 per kg while Ahmedabad gold prices fell by Rs.300 per 10 grams. World market news was showing a rapid retreat in prices. As the GDP figures in America came better than expected, there were indications of increased selling of funds due to rise in gold in the world market.

Gold prices in the world market fell from 1976 to 1977 to 1957 to 1958 dollars an ounce, while global silver prices fell from 25.09 to 25.10 dollars to 24.31 to 24.32 dollars an ounce. Market prices were under pressure as import costs at home fell amid a global market meltdown.

The price of platinum in the world market decreased from 961 to 962 per ounce to 937 to 938 dollars. While palladium prices fell from 1258 to 1259 to 1230 to 1231 dollars. US jobless claims also fell to a five-month low, and as a result, a boost in the job market there had a negative impact on global gold prices, while the global dollar index edged higher at one point. Global copper prices were up 0.61 percent today.

The drop in gold prices in the world market this week was the biggest price drop in the last five weeks. In the Ahmedabad market today, gold prices fell to Rs.99.50 to Rs.61100 and Rs.99.90 to Rs.61300. While Ahmedabad silver price was Rs.74500. In the Mumbai market, gold prices were Rs.59,502 to Rs.59,147 from Rs.59,502 without GST. While the price of 99.90 was Rs.59741 to Rs.59385 to Rs.59491. Mumbai silver prices were Rs.73,369 to Rs.73,420 from Rs.75,426 without GST.

In Mumbai gold and silver prices with GST, however, were 3 percent higher than this price. Meanwhile, crude oil prices continued to rise in the global market. New York crude oil prices increased from 80.21 to 80.06 dollars per barrel. While Brent crude prices increased from 84.31 to 84.18 dollars.


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