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Gold Price Weekly: Gold became expensive, silver prices fell, know the condition of the bullion market for the whole week

Highlights

Gold became costlier by Rs 149 in a week
Silver prices fall by Rs 605 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. And silver has become cheaper. In this trading week, the price of gold has increased by Rs 149 per 10 grams, while the price of silver has declined by Rs 605 per kg. According to the website of India Bullion and Jewelers Association ie IBJA, at the beginning of this business week (July 18 to 22), the rate of 24 carat gold was 50,667, which has increased to Rs 50,816 per 10 grams till Friday. . At the same time, the price of silver of 999 purity has come down from Rs 55,614 to Rs 55,009 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.

Also read- Forex Reserves: The country’s foreign exchange reserves continue to decline, know how much is the gold reserve

How much gold rate changed in last one week
July 18, 2022- Rs 50,667 per 10 grams
July 19, 2022- Rs 50,678 per 10 grams
July 20, 2022- Rs 50,553 per 10 grams
July 21, 2022- Rs 49,972 per 10 grams
July 22, 2022- Rs 50,816 per 10 grams

How much silver rate changed in last one week
July 18, 2022- Rs 55,614 per 10 kg
July 19, 2022- Rs 55,563 per 10 kg
July 20, 2022- Rs 55,367 per 10 kg
July 21, 2022- Rs 53,907 per 10 kg
July 22, 2022- Rs 55,009 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 Hindi, Money Making Tips, silver price

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