Gold prices fall sharply behind global markets as record rally breaks

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Boom in crude oil: Rising dollar index in the world market, rising in gold, increased selling of funds

(Gujarat News Bureau) MUMBAI: In the Mumbai jewelery market today, gold prices remained on a downward trend as the record rally broke. However, silver rose more. Gold prices in the world market went from high to low. In the Mumbai bullion market today, the price of gold without GST was Rs.62357 at Rs.62378 at 99.50 while the price at Rs.99.90 was at Rs.62725 at Rs.62607 at Rs.62629.

Mumbai silver prices were Rs.75,700 per kg without GST today at Rs.75,934. In Mumbai gold-silver prices including GST were three percent higher than this price.

Meanwhile, gold prices fell as the dollar index rose in the global market. Global gold prices were 2036 to 2037 dollars an ounce from 2039 to 2040 today, while global silver prices were 24.98 to 24.98 dollars to 24.98 to 24.49 dollars an ounce. Platinum prices were 935 to 939 to 938 dollars an ounce. While the price of palladium was 1018 to 1019 dollars from 1049 to 1077. Global copper prices were 0.16 percent softer.

Meanwhile, crude oil prices continued to rise in the world market. Markets were watching production cuts by producing countries. Brent crude prices increased by 83 to 84.75 to 83.82 dollars a barrel while US crude prices were 77.76 to 79.60 to 78.59 dollars.

In Ahmedabad jewelry market today gold prices were Rs.64400 at 99.50 and Rs.64600 at 99.90 and Ahmedabad silver prices were at Rs.76500.


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