Gold Price Weekly: Gold crosses 52 thousand, silver becomes cheaper, know the condition of bullion market for the whole week

Gold Price Weekly: Gold crosses 52 thousand, silver becomes cheaper, know the condition of bullion market for the whole week

Highlights

Silver price jumps by Rs 351 in a week
Silver prices fall by Rs 1,017 per kg
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. On the other hand, the price of silver has declined. In this trading week, the price of gold has increased by Rs 351 per 10 grams, while the price of silver has decreased by Rs 1,017 per kg. According to the website of India Bullion and Jewelers Association ie IBJA, at the beginning of this business week (August 1 to 5), the rate of 24 carat gold was 51,668, which has increased to Rs 52,019 per 10 grams till Friday. . At the same time, the price of silver of 999 purity has come down from Rs 58,379 to Rs 57,362 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
August 1, 2022- Rs 51,668 per 10 grams
August 2, 2022- Rs 51,549 per 10 grams
August 3, 2022- Rs 51,566 per 10 grams
August 4, 2022- Rs 52,039 per 10 grams
August 5, 2022- Rs 52,019 per 10 grams

How much silver rate changed in last one week
August 1, 2022- Rs 58,379 per 10 kg
August 2, 2022- Rs 57,904 per 10 kg
August 3, 2022- Rs 57,309 per 10 kg
August 4, 2022- Rs 58,057 per 10 kg
August 5, 2022- Rs 57,362 per 10 kg

Also read- Export of gems and jewelery increased by 21 percent in June, read business trends and latest rates of gold

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.

Tags: Gold, Gold price, Gold price in English, silver price

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