Gold and Silver price on Wednesday
Gold Silver Price Today: After the fall in the price of gold and silver in the domestic bullion market on Tuesday, it again saw a rise.
- Last Updated:February 3, 2021, 10:53 AM IS
Gold prices rose 0.4% to $ 1,844.48 an ounce in the global markets due to the strengthening of the US dollar. Silver futures rose 3.2% today to $ 27.25 an ounce after losing 8% in the previous session.
Today’s price of gold Gold opened with 0.2% on MCX. With this, fresh gold became Rs 47,947 per 10 grams.
Silver Price At the same time, the price of silver also rose by 1.5 percent (Rs. 1000 per kg) to Rs. 68,577 per kg.A tremendous decline in two days- On Tuesday, the price of gold decreased by Rs 480 per 10 grams in Delhi Bullion Market. However, a sharp decrease in the price of silver has been recorded. During the last trading session on Monday, gold had closed at Rs 48,182 per 10 grams in Delhi Bullion Market. At the same time, silver had closed at Rs 73,219 per kg. In international markets also, the price of gold and silver declined today.
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Announcement of reducing import duty by 5 percent Finance Minister Nirmala Sitharaman has announced a huge cut in the import tax on gold and silver in the budget presented for the financial year 2021-22. There is a 5 percent reduction in import duty on gold and silver. At present, 12.5 percent import duty has to be paid on gold and silver. Only a 7.5 percent import duty will have to be paid after a cut of 5 percent. This will see the fall in the prices of gold and silver.