highlight
Gold price rose by Rs 277 in a week
Silver prices fell by Rs 246 per kg
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 this trading week, gold prices rose by Rs 277 per 10 grams, and silver by Rs 246 per kg. According to the website of India Bullion and Jewelers Association i.e. IBJA, 24 carat gold was priced at Rs 52,184 at the start of this business week (August 8 to 12), rising to Rs 52,461 per 10 grams till Friday. At the same time, the price of 999 pure silver rose to Rs 58,352 per kg from Rs 58,106.
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
How much has the price of gold changed in the last week?
August 08, 2022- Rs 52,184 per 10 grams
August 09, 2022 – Market Holiday
August 10, 2022- Rs 52,348 per 10 grams
August 11, 2022- Rs 52,460 per 10 grams
August 12, 2022- Rs 52,461 per 10 grams
How much has the silver rate changed in the last one week?
August 08, 2022- Rs 58,106 per kg
August 09, 2022 – Market Holiday
August 10, 2022- Rs 58,444 per kg
August 11, 2022- Rs 58,700 per kg
August 12, 2022- Rs 58,352 per kg
Gold import duty increased
Recently, the central government has increased the import duty on gold 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.
Hindi News18 Read the first breaking news in Hindi Read today’s latest news, live news updates, most reliable Hindi news website News 18 Hindi |
Tag: gold, gold price, Money Making Tips, Silver value
First Published: August 14, 2022, 17:22 IST
