Gold-Silver : Yellow metal rises by Rs 177, silver becomes costlier by Rs 83


In the national capital, gold prices on Thursday rose by Rs 177 to Rs 47,443 per 10 grams. Prices were affected sharply in the global markets. According to HDFC Securities, the price of gold in the previous session was Rs 47,266 per 10 grams.

Silver became expensive by Rs 83

Talking about silver, during this period silver rose by Rs 83 to Rs 68,277 per kg. It had closed at Rs 68,194 per kg in the previous trading session. In the international market, gold was trading flat at USD 1,831 an ounce while silver was flat at USD 26.30 an ounce.

Gems and jewelry exports up 92.37 percent in June

Gems and jewelry exports grew by 92.37 percent to Rs 20,851.28 crore in June. Gems and Jewelry Export Promotion Council (GJEPC) informed that the export of gems and jewelry stood at Rs 10,838.93 crore in the corresponding period of last year. Similarly, the export of polished and polished diamonds (CPD) increased by 113.25 percent to Rs 14,512.11 crore in June. It was Rs 6,805.25 crore in the same month last year. GJEPC reported that gold jewelry exports grew by 398.70 percent to Rs 4,185.10 crore in June as compared to Rs 839.21 crore in the same month of the previous fiscal.

Gems and jewelry exports stood at Rs 67,265.66 crore in the first April-June quarter of the current fiscal, registering a growth of 254.75 percent from Rs 18,961.63 crore in the corresponding quarter of the previous fiscal. In the last financial year 2020-21, gold imports increased by 22.58 percent to reach $34.6 billion or Rs 2.54 lakh crore. India is the largest gold importer country in the world.