Gold became costlier by Rs 555 in a week
Silver rises by Rs 2,826 per kg in the week
Rates issued by IBGA are universal across the country
New Delhi. There has been a rise in the weekly prices of gold in the Indian bullion market. At the same time, silver has also become expensive. In this trading week, the price of gold has increased by Rs 555 per 10 grams, while the price of silver has increased by Rs 2,826 per kg. According to the website of India Bullion and Jewelers Association ie IBJA, the rate of 24 carat gold was 50,911 at the beginning of this business week (July 25 to 29), which has increased to Rs 51,466 per 10 grams till Friday. . At the same time, the price of silver of 999 purity has increased from Rs 54,727 to Rs 57,553 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 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 silver rate changed in 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
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.
FIRST PUBLISHED : July 30, 2022, 15:17 IST