Weekly Gold Price: Gold and silver become expensive, know the condition of the bullion market for the whole week

New Delhi. The weekly prices of gold have increased in the Indian bullion market. At the same time, silver has also become expensive. In this trading week, a slight increase has been recorded in the price of gold by Rs 58 per 10 grams, while the price of silver has increased by Rs 823 per kg. According to the website of India Bullion and Jewelers Association ie IBJA, at the beginning of this business week (24 to 28 October) i.e. on 25 October, the rate of 24 carat gold was 50,444, which increased to Rs 50,502 per 10 by Friday. Village is done. At the same time, the price of silver of 999 purity has increased from Rs 56,596 to Rs 57,419 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 tax and making charges. The rates issued by IBGA are universal across the country but the prices do not include GST.

Also read- India’s foreign exchange reserves fell sharply, fell to the lowest level in more than 2 years, down by about $ 4 billion

How much gold rate changed in last one week
October 24, 2022 – Market Holiday
October 25, 2022- Rs 50,444 per 10 grams
October 26, 2022- Rs 50,751 per 10 grams
October 27, 2022 – Rs 50,779 per 10 grams
October 28, 2022- Rs 50,502 per 10 grams

How much silver rate changed in last one week
October 24, 2022 – Market Holiday
October 25, 2022- Rs 56,596 per kg
October 26, 2022- Rs 57,851 per kg
October 27, 2022- Rs 57,640 per kg
October 28, 2022- Rs 57,419 per kg

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.

Gold reserve decline
Significantly, in the week ending October 21, 2022, the value of the country’s gold reserves declined by $ 247 million to $ 37,206 billion. During the week ended October 7, 2022, there was an increase of $ 1.35 billion, while it fell by $ 1.502 billion to $ 37.453 billion in the week ended October 14, 2022.

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