Gold retreats: World market tumbles to 17 1757
(Gujarat News Office) MUMBAI: Gold prices rose sharply in the Mumbai jewelery market today. Silver prices, however, continued to hit higher. Silver prices, however, continued to hit higher. Gold prices in the world market were reported to have fallen from ૭૭૩ 15 to ૭૭૪ 12 an ounce to ૭૫૭ 16 to ૭૫૮ 12 an ounce. In the domestic currency market, the fall in the value of the dollar against the rupee today was also having an impact on the jewelery market. While Ahmedabad silver price remained calm at Rs 200 per kg today. In the global market, however, silver was also today down from ૭૫ 4.5 to ૭૬ 7.5 an ounce to ૬૬ 4.5 to ૬૬ 7.5 an ounce. Rising bond and treasury yields in the global market have led to speculation that the rise in gold could lead to the sale of funds. The US Federal Reserve has signaled a reduction in bond buying and an increase in interest rates. This had an impact on the world currency market and commodity markets. Meanwhile, in the US, according to the data released l