Crude oil prices stabilize amid OPEC meeting: Palladium hits
Mumbai Jewelry Bazaar and Money Market were closed today on the occasion of Guru Nanak Jayanti. But behind the world market, gold and silver prices in Mumbai plummeted in private. Crude oil was also weakening in the world market.
At home, the GST-free price of 10 grams of 99.50 gold in the Mumbai market, which was Rs.48,200 last weekend, fell to Rs 47,800 and Rs 99,90 to Rs 48,400. Prices with GST were quoted 3% higher. Silver.999 The price of one kg was Rs.59500 with Rs.59500. Prices with GST were quoted 3% higher.
In the Ahmedabad jewelry market, gold fell by Rs.400 to Rs.49,700 per 10 grams and Rs.99,90 to Rs.49,900 per 10 grams. Silver fell by Rs.1,550 to close at Rs.59,500.
Gold was quoted at 8 1778 an ounce in the world market and 7 22.18 at માં 22.57 an ounce of silver. Platinum $968 traded at $963 while palladium fell from $2428 per ounce tonight 2401 in the late evening. November was the worst month in four years in terms of gold prices in the world market. Gold prices fell 6% in November, the highest since November 2016.
World crude oil prices remained stable amid the OPEC meeting. Doubts remain over whether to agree on a cut in crude oil production. After Nigeria, Iraq has also called for an increase in crude oil production. New York crude was trading at $44.86 a barrel while Brent was trading at $47.42.
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