On Diwali, gold fell sharply by Rs 400 and silver by Rs 1,500
(Gujarat News Office) MUMBAI: With gold and silver prices plummeting in the Mumbai jewelery market ahead of Diwali, market analysts are hoping for higher demand on Diwali day (today). World market news was showing a sell-off. According to market sources, prices of precious metals fell in the country's jewelery markets ahead of Diwali as prices in the global market fell and the dollar depreciated in the domestic currency market. Gold prices in the world market today fell from ૭૯ 151 to ૭૯૨ 12 an ounce to ૭૭૩ 15 to ૭૯૨ 12 an ounce. Global silver prices were also quoted at ૭૩ 4.5 to ૭૪ 7.5 an ounce, down from ૩૫ 4.5 to ૩૬ 7.5 an ounce. Behind the world market, gold prices fell by Rs 200 per 10 grams to Rs 2,000 from Rs 4.50 and Rs 700 from Rs 4.50 in Ahmedabad jewelery market today, while Ahmedabad silver was quoted at Rs 1,200 per kg and Rs 500 per kg. Gold prices have come under pressure as falling crude oil prices in the world market, world market sources said. Global crude oi