Domestic prices also declined with the fall in gold prices globally

Mumbai: Gold prices saw a rise in Mumbai jewelery market today, but then it declined. However, silver prices rose again after low opening. There is talk of increasing pressure on gold prices in the country’s jewelery markets due to a fall in gold prices in the global market and decrease in domestic import costs.

Gold prices fell by Rs 100 in Ahmedabad’s jewelery market. Today 400 rupees per 10 grams. 98,300 for 995 and Rs. The silver price in Ahmedabad was Rs 98,600. 98 thousand per kg. Today, the price of gold in the world market fell from $ 3,329 to $ 3,330 an ounce to $ 3,287 to $ 3,296 to $ 3,296.

There was talk of increasing selling and new purchases by global gold funds amid signs of reduced trade tension between China and the US. Experts estimate that if the trade agreement between China and the US is reached, gold prices may fall by $ 3,000 globally.

Meanwhile, indications of OPEC countries considering increasing crude oil production in May and then in May and then also led to a negative impact on gold prices, as crude oil prices declined. Global Brent crude oil prices fell from the lowest level of $ 66.54 per barrel to $ 65.55 per barrel. US crude oil prices fell from $ 62.84 to $ 61.91 to $ 61.80.

Experts say that due to the decrease in the latest demand for gold in India, the exemption in the gold market price has increased to a 9 -year highest level compared to the import cost. However, gold premium was being discussed in China and there were also reports that such premiums have increased to one year highest level.

The price of silver in the world market fell from $ 33.30 to a low of $ 33.31 to $ 33.11. In the Mumbai bullion market, the price of silver fell from Rs 100 to Rs 150, except GST. 97,634 to Rs. 97,513 rupees and last time. 97,684. Gold price in Mumbai, except GST, Rs. Instead of Rs 95,248. 95,900 in 995 96,286 was Rs 96,286 in 999. 95,671.

Gold and silver prices with GST in Mumbai were 3 percent higher than this price. Copper prices fell by 1.25 percent in the world market today, while Platinum prices fell from $ 960 to $ 973-974. Paladium prices fell from $ 941 to $ 942.