After tax cut, gold fell by Rs 4,024 and silver by Rs 3,299
Business Business: There is great news for those who buy gold and silver even after the budget. After Tuesday, prices are falling both today and Wednesday. Today, the price of 24 carat gold in the bullion market has come down to Rs 69,194 per 10 grams. At the same time, the price of silver started at Rs 84,897 per kg. Let us tell you that on Tuesday, the price of gold in the bullion markets fell by Rs 3,616 per 10 grams in one go. At the same time, silver fell by Rs 3,277 per kg.
According to IBJA, today the price of 24 carat gold fell by Rs 408 to Rs 69,194 per 10 grams. At the same time, the price of 23 carat gold also fell by Rs 406 to Rs 68,917 per 10 grams.
The price of 22 carat gold also fell by Rs 373 to Rs 63,382 and the price of 18 carat gold fell by Rs 306 to Rs 51,896 per 10 grams. The price of 14 carat gold also fell by Rs 238 to Rs 40,479 per 10 grams. Silver prices fell marginally by just Rs 22 today. Today the price opened at Rs 84,897 per kg. In fact, Finance Minister Nirmala Sitharaman announced in her budget speech on Tuesday that she would reduce the customs duty on gold and silver from 10% to 6%. This also affected the bullion market. In two days, gold fell by about Rs 4,024 and silver by Rs 3,299.
Ajay Kedia, Chairman of Kedia Commodities, told Hindustan, “There has been no change in the global market. There is no hope of further decline in gold prices. Even now the price of gold can reach close to Rs 78,000. An increase of up to Rs 80,000 is expected initially.
These rates of gold and silver have been published by IBJA. There is no VAT or jewellery manufacturing charges. There may be a difference of Rs 1000 to Rs 2000 in the prices of gold and silver in your city.
