Break bullish gold: Within 18 1800 in world markets
(Gujarat News Office) MUMBAI: Gold prices rebounded in the Mumbai jewelery market today, while silver prices remained on a downward trend. Gold prices in the world market, which had touched a high of ૬ 1,305 to ૭ 1,305 an ounce, fell sharply to ૮ 1,400 an ounce again. Behind gold, global silver prices also fell to ૩૪ 4.5 to ૩૪ 7.5 today, after hitting a high of ૪૫ 7.5 to ૪૬ 7.5 an ounce. In Ahmedabad jewelery market, gold prices fell by Rs 100 per 10 grams to Rs 200 from Rs 4.50 and Rs 200 from Rs 4.50. While Ahmedabad silver price fell by Rs 200 per kg to Rs 200. Meanwhile, platinum prices in the world market ranged from ૪૯ 105 to ૫ 1,050 an ounce to ૬૨ 105 to ૬૩ 105 to ૫ 1,050 to ૫ 1,021. While the price of palladium rose from ૪૪ 205 to ૪૫ 205 to ૬૪ 205 to ૬૫ 205, there was news today that it was trading at ૨૭ 205 to ૨૮ 305. The rally in gold in the world market today was an indication of increased selling of funds. Rising bond and treasury yields have put pressure on gold prices