– Gold price decreased by Rs 474 per 10 grams in the week
– Silver prices fall by Rs 1,978 per kg in the week
– Rates issued by IBGA are universal across the country
New Delhi. There has been a fall in the weekly prices of gold in the Indian bullion market. On the other hand, silver has also become cheaper. In this trading week, a decrease of Rs 474 per 10 grams has been recorded in the price of gold, while the price of silver has fallen by Rs 1,978 per kg. According to the website of India Bullion and Jewelers Association ie IBJA, at the beginning of this business week (July 11 to 15), the rate of 24 carat gold was 50,877, which has come down to Rs 50,403 per 10 grams by Friday. . At the same time, the price of silver of 999 purity has come down from Rs 56,745 to Rs 54,767 per kg.
Explain that the prices issued by IBGA give information about the standard price of gold of different purity. All these prices are before tax and making charges. The rates issued by IBGA are universal across the country but the prices do not include GST.
How much gold rate changed in last one week
July 11, 2022- Rs 50,877 per 10 grams
July 12, 2022- Rs 50,878 per 10 grams
July 13, 2022 – Rs 50,800 per 10 grams
July 14, 2022- Rs 50,565 per 10 grams
July 15, 2022- Rs 50,403 per 10 grams
How much silver rate changed in last one week
July 11, 2022- Rs 56,745 per 10 kg
July 12, 2022- Rs 56,097 per 10 kg
July 13, 2022- Rs 56,074 per 10 kg
July 14, 2022- Rs 55,685 per 10 kg
July 15, 2022- Rs 54,767 per 10 kg
Import duty on gold increased
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 the import duty of the government will increase the prices of gold in the country. The government has taken this step to reduce the demand for gold in the country.
Gems and jewelery exports up 55 per cent in FY22
Significantly, gems and jewelery exports have picked up in 2021-22 and have increased by about 55 percent to $ 39.15 billion as compared to the previous financial year. Industry body Gems and Jewelery Export Promotion Council (GJEPC) said that the gross export of gems and jewelery stood at $ 25.40 billion in 2020-21.