Rapid retreat in gold-silver, platinum, palladium
(Gujarat News Office) MUMBAI: Gold and silver prices continued to decline in the Mumbai jewelery market today. World market news was showing a sharp decline in prices. With the world market collapsing and the import cost of precious metals falling, the jewelery market saw more sellers and less buyers. The rise in bond and treasury yields in the global market and the rise in the global dollar index against various major currencies led to widespread selling of funds in gold in the global market. Gold prices were quoted at વિશ્વ 16 to ૭૩૩ 12 an ounce in the global market today. Global gold and silver prices also fell by ૬૩ 4.5 to ૬૮ 6.5 an ounce and were trading at ૨ 6.41 to ૨૨ 7.5 an ounce today. In the Ahmedabad jewelery market, gold prices fell by Rs 200 per 10 grams to Rs 200 from Rs 4.50 and Rs 200 from Rs 4.50. While Ahmedabad silver price today fell by Rs 200 per kg to Rs 31,000. Platinum prices in the world market fell by ૯૯૫ 6 to ૯૯૬ 8 an ounce from ૯૮ 60 to આજે 71 today, whi...