Retreat in crude prices; Decrease in gold and silver

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Mumbai: The prices of precious metals remained soft in the Mumbai jewelery market today. New demand was slow. World market news was discouraging. Global gold prices were 2030 to 2032 to 2033 dollars per ounce from 2035 to 2036 lows. Behind gold in the world market, silver prices were 22.96 dollars per ounce from 22.48 to 22.54 to 22.55 dollars.

At the Ahmedabad jewelery market, behind the World Bazar, silver prices fell by Rs.500 to Rs.70,500 per kg. Ahmedabad gold prices were Rs.64,000 at 99.50 for 10 grams and Rs.64,200 at 99.90.

Brent crude oil prices in the world market were 81 to 81.14 dollars at a low of 81.62 per barrel. While the price of US crude was 76.49 to 75.84 to 76.11 dollars.

The price of platinum in the world market was 890 dollars an ounce while the price of palladium was 967 dollars. Global copper prices were 1.37 percent lower today. In the Mumbai bullion market today, gold prices without GST were Rs.61,975 at Rs.62,275 at 99.50 and Rs.62,224 at Rs.62,275 at Rs.99.90. Mumbai silver prices were Rs.69,449 from Rs.69,750 without GST.

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