In the midst of the Corona crisis in the country Gold silver price I see a softening in it. On Wednesday, April 21, the price of gold in India fell from Rs 50,520 to Rs 50,520 per 10 grams. At the same time, the price of silver is running at Rs 68,600 per kg. Explain that due to excise duty, state taxes and changes, the price of gold jewelry varies from the second largest consumer of metal in India.
In Delhi, 22 carat gold is priced at Rs 46,300 per 10 grams, while in Chennai it is Rs 44,500. According to the Good Returns website, the rate in Mumbai was Rs 44,980. The price of 24 carat gold in Chennai was Rs 48,550 per 10 grams.
According to HDFC Securities, gold fell by Rs 305 to Rs 46,756 per 10 grams in the national capital on Tuesday. The precious metal had closed at Rs 47,061 per 10 gram in previous trade. Silver also declined by Rs 113 to Rs 67,810 per kg, compared to Rs 67,923 per kg in previous trade. The rupee opened 23 paise at 74.64 against the US dollar in Tuesday’s trade.
Jempc and Jewelry Export Promotion Council (GJEPC) said on Tuesday that gold imports rose to 7.5 per cent during March, due to a decrease in precious metal prices and a decrease in demand in export markets. According to GJEPC data, gold imports stood at 28.09 tonnes during March 2019-20.
In the global market, gold rose on Tuesday and the dollar reached a multi-week low due to an increase in US Treasury yields. Gold spot rose 0.4% to $ 1,775.46 an ounce. 11:36 pm EDT (1536 GMT), its highest level since February 25, after $ 1,789.77 on Monday. US gold futures climbed 0.3% to $ 1,775.60 an ounce.