In one week, the price of gold became 555 rupees
Silver rose by Rs 2,826 per kg during the week
The rates issued by IBGA are universal across the country
New Delhi. Gold prices rose weekly in India’s bullion market. Along with that, the price of silver also increased. During the trading week, gold rose by Rs 555 per 10 grams, while silver rose by Rs 2,826 per kg. According to the India Bullion and Jewelers Association (IBJA) website, 24 carat gold was priced at Rs 50,911 at the beginning of this business week (July 25 to 29), rising to Rs 51,466 per 10 grams till Friday. At the same time, the price of 999 pure silver rose to Rs 57,553 per kg from Rs 54,727.
Explain that the prices issued by the IBGA give information about the standard price of gold of various purities. All these prices are before taxes and making charges. The rates issued by IBGA are universal across the country but the prices are exclusive of GST
Also Read-Forex Reserves: Country’s foreign exchange reserves decrease again, but gold reserves increase
How much has the price of gold changed in the last week?
July 25, 2022- Rs 50,911 per 10 grams
July 26, 2022- Rs 50,760 per 10 grams
July 27, 2022- Rs 50,842 per 10 grams
July 28, 2022- Rs 51,222 per 10 grams
July 29, 2022- Rs 51,466 per 10 grams
How much has the silver rate changed in the last one week?
July 25, 2022- Rs 54,727 per 10 kg
July 26, 2022- Rs 54,155 per 10 kg
July 27, 2022- Rs 54,840 per 10 kg
July 28, 2022- Rs 55,972 per 10 kg
July 29, 2022- Rs 57,553 per 10 kg
Also Read- Gems & Jewelery Exports Up 21 Percent In June Read Business Trends & Latest Gold Rates
Gold import duty increased
Central government has increased gold import duty by 5 percent. Import duty has been increased from 7.5% to 12.5%. The increase in import duty by the government will increase the price of gold in the country. The government has taken this step to reduce the demand of gold in the country.
Gems and jewelery exports grew by 55 per cent in FY22
Notably, the export of gems and jewelery has increased in 2021-22 and increased by nearly 55 per cent to $39.15 billion over the previous financial year. Industry body Gems and Jewelery Export Promotion Council (GJEPC) reported that the total export of gems and jewelery in 2020-21 was $25.40 billion.
Tag: gold, gold price in hindi, Gold price news, silver price
First Published: July 30, 2022, 15:17 IST