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Review of Gold-Silver Prices: Before the marriage season, the prices of gold and silver in the bullion market started touching the sky. On Friday, 24 carat gold closed at Rs 61,170 per 10 grams. While silver closed at Rs.73747 after opening at Rs.73210 per kg.
Gold is now Rs. 61739 from an all-time high of just Rs. 569 has become cheaper. While silver is around 3000 rupees cheaper compared to May 5 rate. Gold has increased by Rs.1278 and silver by Rs.4347 since Diwali. GST and Jewelery Making Charge are not applicable on this rate of gold and silver. It is possible that gold and silver may be expensive by Rs 1000 to 2000 in your city.
According to IBJA, 23 carat gold is worth Rs. 60734 and opened at Rs. Closed at 60925. 3 percent GST will be applicable on this. That means 1827 rupees more will be added to this rate. The price of 23 carat gold including GST has now gone up to Rs 62752 per 10 grams.
The price of 22 carat gold has reached 56032 rupees. Three percent GST means Rs 1680 more will be added on 10 grams of gold. With GST it becomes Rs 57712. While the price of 18 carat gold has now reached 45878 rupees. After charging Rs 1376 GST on this, it will cost you Rs 47254.
14 carat gold has now reached Rs 35785. If GST of Rs 1073 is added to this, it will be Rs 36858 per 10 grams. At the same time, the GST on silver will now be Rs 2212. For one kg of silver you have to pay Rs 75959 inclusive of GST. Jewelery making charges and jewelers profit are not yet added to this.
Why gold and silver prices are increasing: Ajay Kedia, president of Kedia Commodities, told Hindustani about the reasons for rising gold and silver prices that five factors like dollar weakness, fall in US bond yields, geopolitical conflict, ban on interest rate hikes, central banks around the world and public buying have contributed to the rise in gold prices. has been doing. On the other hand, 35 lakh marriages in India are enough to add luster to gold and silver.