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Home INTERNATIONAL Gold costs now at Rs 49,050 for every 10 gm, silver jumps...

Gold costs now at Rs 49,050 for every 10 gm, silver jumps to Rs 52,210 a kg

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Gold costs on Tuesday jumped to Rs 49,050 from Rs 49,010 for every 10 gram, although silver climbed to Rs 52,210 from Rs 52,000 for each kilogram, according to Great Returns web-site.&#13
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Gold jewelry costs range across India, the 2nd-major buyer of the metal, owing to excise duty, condition taxes, and earning rates.&#13
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In New Delhi, the price of 22-carat gold rose to Rs 47,850 per 10 gram, and in Chennai to Rs 46,960. In Mumbai, the rate was Rs 48,000, in accordance to the Great Returns internet site. The price of 24-carat gold selling prices in Chennai was at Rs 51,240.&#13
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On MCX, August gold futures climbed .58 per cent to Rs 49,148 for every 10 gram. Silver September futures jumped to Rs 53,048 per kilogram. MCX has made a decision to accept gold and silver bars refined at domestic refineries for deliveries, topic to closing regulatory approval.&#13
ALSO Examine: Rate of contraction in gems and jewelry exports slows down in June&#13
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MCX gained the approval of Sebi for the launch of Gold Mini options with Gold Mini (100 grams) bar as fundamental, MCX said in a assertion.&#13
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Gems and jewelry exports showed signs of revival in June following two months of bleak small business throughout the lockdown.&#13
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Even as at $1,647.49 million, the exports in June 2020 ended up 34.72 for every cent much less than $2,523.74 million documented a year back, this determine was a lot greater than that in May ($570 million) and April (stated to be considerably decrease, however the details has not been released).&#13
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According to the preliminary data provided by the Gem and Jewellery Export Marketing Council (GJPEC), exports of gems and jewelry declined 54.79 for each cent YoY to $ 2.75 billion in the course of the April-June time period. Gold jewellery exports in June were down 40.72 for each cent YoY to $237.05 million for the quarter, the drop was 79 for each cent to $1,536.57 million.&#13
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The overall import of gems and jewellery between April and June this 12 months was value $915.14 million, 74.81 for every cent a lot less than $3,632.87 million noted in the corresponding time period a year in the past.&#13

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