Global gold falls below 00 1800
MUMBAI: The weather in Mumbai Zaveri Bazaar was mixed today. The decline in gold prices continued. When the price of silver digested the shock and rose again. Gold prices in the world market fell from ૯ 1,305 to ૮ 1,210 an ounce to close at ૮ 1,200 this evening. The strength of the global dollar index and the strength of bonds and treasuries led to a sell-off in gold markets. However, Morgan Stanley, Citigroup v. Govt. In a cautious tone, experts said gold prices were likely to rise again instead of falling further. Meanwhile, behind the world market, gold prices in the Ahmedabad jewelery market today fell by Rs 100 per 10 grams to Rs 900 from Rs 4.50 and Rs 900 from Rs 4.50. Silver, meanwhile, traded at ૩૮ 4.5 to ૩૯ 7.5 an ounce, up from ૩૮ 4.5 to ૨૫ 7.5 an ounce today. Silver prices rose in Mumbai and Ahmedabad markets today despite a decline in global markets. Ahmedabad silver price rose by Rs 1,000 per kg to Rs 2,000. While Ahmedabad gold prices remained soft. In the world mark...