Market and Business News

(Gujarat News Office) MUMBAI: Gold and silver prices fell in the Mumbai jewelery market today. The decline in world market prices was a sign of progress. As the dollar index rose in world markets and bond and treasury yields rose, so did the value of funds in global gold. Global gold prices fell from ૭૫૭ 15 to ૭૫૮ 16 an ounce today, falling below ૭૫ 150 to ૭૪૪ 16 to ૭૪૫ 16. Behind gold, global silver also fell by ૬૬ 4.5 to ૬૬ 7.5 an ounce from ૨૫ 4.5 to ૨૬ 7.5 today. With the world market collapsing, the import cost has come down at home and as a result, there were more sellers and less buyers in the country's jewelery markets today due to falling prices. In the Ahmedabad jewelery market, gold prices fell by Rs 500 per 10 grams to Rs 900 from Rs 4.50 and Rs 900 from Rs 4.50 per kg, while Ahmedabad silver prices fell by Rs 500 to Rs 2,000 per kg. Brent crude, meanwhile, rose to ૫૫ 2.50 a barrel from ૫૫ 7.50 a barrel to ૭૭ 2.50 a barrel, while New York crude traded up ૪૭ 4.5 to ૨૩

(Gujarat News Office) MUMBAI: Gold and silver prices fell in the Mumbai jewelery market today. The decline in world market prices was a sign of progress. As the dollar index rose in world markets and bond and treasury yields rose, so did the value of funds in global gold. Global gold prices fell from ૭૫૭ 15 to ૭૫૮ 16 an ounce today, falling below ૭૫ 150 to ૭૪૪ 16 to ૭૪૫ 16. Behind gold, global silver also fell by ૬૬ 4.5 to ૬૬ 7.5 an ounce from ૨૫ 4.5 to ૨૬ 7.5 today. With the world market collapsing, the import cost has come down at home and as a result, there were more sellers and less buyers in the country's jewelery markets today due to falling prices. In the Ahmedabad jewelery market, gold prices fell by Rs 500 per 10 grams to Rs 900 from Rs 4.50 and Rs 900 from Rs 4.50 per kg, while Ahmedabad silver prices fell by Rs 500 to Rs 2,000 per kg. Brent crude, meanwhile, rose to ૫૫ 2.50 a barrel from ૫૫ 7.50 a barrel to ૭૭ 2.50 a barrel, while New York crude traded up ૪૭ 4.5 to ૨૩