Crude oil price reached a four -year low

Mumbai: The Mumbai jewelery market saw a huge decline in silver prices today, while slow recovery remained after a shock in gold prices. There were reports of further fall in silver, platinum, palladium and copper prices globally in view of US President Trump’s tariff war. However, gold prices remained low globally and once again the funds started purchasing for safe investment.

Globally, gold prices fell from $ 3,063 to $ 3,064 to $ 3,073 to $ 3,074 an ounce. However, due to the fall in silver prices globally, silver prices declined at the domestic level today. Silver was Rs 200 per kg in Jhavri market of Ahmedabad today. Rs 93,000 per kg, Rs. 3,000.

According to market sources, the price of silver in Ahmedabad market has fallen by Rs 100. 6,500 in two days. Meanwhile, the price of gold in Ahmedabad declined by Rs 100. 200 rupees per 10 grams, quoted at Rs 995. 92,900 and Rs 999 93,200. Silver fell from $ 31.90 an ounce to $ 30.77 an ounce in the global market.

Meanwhile, investors were surprised by 7 to 8 percent further decline in crude oil prices in the world market today. In addition to Trump’s business war, the global economy shocks and the possibility of a decline in demand for crude oil, the news was that crude oil futures had reached a four -year low after OPEC countries’ decision to increase crude oil production from May.

For the first time after August 2021, Brent crude prices fell below $ 65 per barrel. Today Brent prices fell from $ 64.15 to $ 65.45. US crude oil prices fell from $ 60.81 to $ 62.17. Global copper prices fell by 6.26 percent today.

Platinum prices came from 933 to $ 934 to lowest level. Paladium prices fell to $ 923-924. Silver was Rs 100 per 10 grams in Mumbai bullion market. Except 95,957 GST and Rs. Rs 92,910 including GST. However, gold prices fell to a low of Rs 200 per ounce in Mumbai. Rs 89,948 for 995 without GST and then Rs. It reached Rs 90,650, while the price of Rs 999 fell to Rs 90,650. Reached Rs 90,310. 91,014.

Gold and silver prices with GST in Mumbai were 3 percent higher than this price. Experts said that gold purchases have started again as a safe investment in the global market due to the announcement of tariffs on American tariffs in response to American tariffs by China.

Meanwhile, the increase in jobs in the US increased to 228,000 in March, while the expectation was 135,000. Unemployment claims there fell by 6,000 to 219,000. The same situation was before the tariff. Now indications are seen in the market that the situation will change after the tariff.