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Gold-silver decline: World market collapses

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(Gujarat News Office) MUMBAI: Gold and silver prices continued to decline in the Mumbai jewelery market today. Prices of precious metals had come down before the arrival of Shri Ganapati Bappa. World market news was showing softness. Market prices came under pressure as imports fell on the back of declining global markets. World gold prices fell to ૭૯૩ 15 to ૭૯૪ 16 an ounce. Behind gold, global silver prices also fell to ૭૯૩ 15-16 an ounce. Behind gold, there were indications that global silver prices also fell to ૮ 3.05 an ounce from ૯ 2.08 an ounce. The fall in crude oil prices by about half a per cent in world markets today also had an impact on global gold prices. In the Ahmedabad jewelery market, gold prices fell further by Rs 200 per 10 grams to Rs 200 per 10 grams and Rs 200 per ounce, while Ahmedabad silver prices fell by Rs 1,000 per kg to Rs 2,000 today. Platinum prices in the world market fell from 6 to ૧ 1,000 an ounce to ૯૮૪ 6 to આજે 7 today. While the price of palladi...