Fall in prices of silver, platinum, palladium and crude oil

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Mumbai: The bullion market was officially closed today due to Saturday at the Mumbai jewelery market. At the close, gold prices continued a slow recovery while silver prices retreated.

The price of silver in the world market was 23.64 to 23.65 dollars an ounce low to 23.39 to 23.40 at the end of the week at 23.56 to 23.57 dollars.

Market prices were under overall pressure amid indications that new Chinese demand for silver, platinum and palladium in the global market is slowing as the Chinese economy continues to weaken. However, global gold prices continued to fluctuate amid sideways fluctuations. The price of gold in the world market was low from 1925 to 1926, from 1919 to 1920, and from 1929 to 1929, and finally from 1925 to 1926.

In the Mumbai bullion market today, the price of 10 grams of gold without GST was trading at Rs.58,900 at 99.50 and Rs.58,900 at 99.90 and Rs.59,150 at 99.90 without GST. Mumbai silver prices today were Rs.73175 to Rs.72800 without GST per kg. In Mumbai gold and silver prices including GST were 3 percent higher than this price.

Meanwhile, silver prices in the Ahmedabad jewelery market today fell by Rs 500 from Rs 74,000 to Rs 73,500. Ahmedabad gold prices were calm around Rs.60,900 at 99.50 and Rs.61,100 at 99.90.

The price of platinum in the world market dropped from 942 to 943 per ounce to 922 to 923 per ounce and finally the price of 930 to 931 dollars was being discussed. Palladium prices were last at $1254-1255 from $1249-1250, down from $1286-1287 an ounce.

US crude prices settled at $90.03 a barrel, down from 90.65 to 89.31 a barrel, while Brent crude settled at $93.27, down from 94.18 a barrel at 92.80. In the Mumbai currency market today, the dollar price against the rupee increased from Rs.82.93 to Rs.83.04 to Rs.83.05.

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