Silver hits Rs 1,000: Bond yields rise, gold retreats
(Gujarat News Office) MUMBAI: Gold and silver prices retreated in the Mumbai jewelery market today. World market news was showing a decline in precious metals. With the world market collapsing and the import cost coming down, there were more sellers and less buyers in the jewelery market today due to falling prices. In the global market, the dollar index rose and bond and treasury yields rose. The fall in crude oil prices by more than one and a half per cent in the global market today also had a negative impact on gold prices. Gold prices in the world market today fell from ૮૨૨ 15 to ૮૨૩ 15 an ounce to ૯ 1,305 to ૮ 1,210 an ounce. Behind gold, global silver prices also fell by ૨૪ 4.5 to ૬૬ 7.5 to ૩૮ 4.5 to ૩૯ 7.5. Meanwhile, at home, silver prices fell by Rs 1,000 per kg to Rs 2,000 in the Ahmedabad jewelery market today, while Ahmedabad gold prices fell by Rs 100 per 10 grams to Rs 800 from Rs 2.50 and Rs 2,000 from Rs 8.50. Other precious metals in the world market also saw a ret...