Gold Price Weekly: Gold becomes costlier by ₹ 729, silver rises by ₹ 1,390, know the condition of bullion market for the whole week

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 business week, a rise of Rs 729 per 10 grams has been recorded in the price of gold, while the price of silver has risen by Rs 1,390 per kg. According to the website of the India Bullion and Jewelers Association (IBJA), at the beginning of this business week (January 30 to February 3), ie on January 30, the rate of 24 carat gold was 57,079, which increased to Rs 57,788 per Friday. 10 grams is done. At the same time, the price of 999 purity silver has increased from Rs 68,149 to Rs 69,539 per kg.

It is noteworthy that the prices issued by IBGA give information about the standard price of gold of different purity. All these prices are before taxes and making charges. The rates issued by IBGA are common across the country but GST is not included in its prices.

How much did the gold rate change in the last one week?
January 30, 2022 – Rs 57,079 per 10 grams
January 31, 2022 – Rs 56,865 per 10 grams
February 01, 2022 – Rs 57,910 per 10 grams
February 02, 2022 – Rs 58,882 per 10 grams
February 03, 2022 – Rs 57,788 per 10 grams

How much did the rate of silver change in the last one week?
January 30, 2022 – Rs 68,149 per kg
January 31, 2022 – Rs 67,671 per kg
February 01, 2022 – Rs 69,445 per kg
February 02, 2022 – Rs 71,576 per kg
February 03, 2022 – Rs 69,539 per kg

Budget 2023: Gems and jewelry industry disappointed with the budget
The gems and jewelery industry on Wednesday said that it is disappointed with the Union Budget for the financial year 2023-24 as the government has retained the custom duty at 10 per cent. They believe that this will encourage black marketing. All India Gems and Jewelery Domestic Council (GJC) President Sanyam Mehra said that the important concerns of the Gems and Jewelery industry have not been addressed in the Union Budget 2023-24. “While R&D grant will be provided to an IIT for development of lab-grown rough diamonds and machines, other areas of the industry, including issues like reduction in custom duty on gold, have been ignored,” he said. . This will seriously harm the Gems & Jewelery industry and encourage black marketing.

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