Unbiased volatility in gold-silver: Crude down

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Mumbai: Gold prices saw a slow recovery in the Mumbai jewelery market today while silver prices saw a slow decline. The global market saw a one-sided fluctuation. Global gold prices were guided from a 2029 high of 2038 to 2028 to 2029 dollars an ounce. Behind gold, global silver prices were also higher at 22.34 to 22.56 to 22.34 to 22.35 dollars an ounce.

Global markets were mixed amid a look at various data coming out of the US. Meanwhile, at home in Ahmedabad, gold prices fell by Rs.300 per 10 grams to Rs.99.50 to Rs.64,000 and 99.90 to Rs.64,200 while Ahmedabad silver prices increased by Rs.500 to Rs.71,000 per kg.

The price of platinum in the world market was 882 to 882 to 882 to 883 dollars in the low 879 and high 889 to 882 dollars. Palladium prices were at 921 to 947 from 925 to 935 to 936 dollars. Global copper prices were 0.14 percent plus today.

Crude oil prices remained soft today after rising in the global market. Brent Crude prices were at $83.39 today after rising above $84 a barrel. The price of US crude also increased and fell to 78.59 dollars. There was news that the stock of crude oil in America increased by 42 lakh barrels.

In the Mumbai bullion market today, gold prices without GST rose from Rs.61886 at 99.50 to Rs.62033 to Rs.61922 while at 99.90 at Rs.62135 from Rs.62282 to Rs.62241. Mumbai silver prices were Rs 69,312 to Rs 69,529 from Rs 69,343 without GST. In Mumbai gold-silver prices including GST were three percent higher than this price.

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