Saturday, January 16, 2021
  • CCPA – California Consumer Privacy Act
  • Terms of Use
  • DMCA
  • Privacy Policy
  • Cookie Policy
  • About
  • Contact
Gold Investment
No Result
View All Result
  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact
  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact
No Result
View All Result
Gold Investment
Home Silver Silver Jewelry

Gold prices jump ₹160 in two days; silver rates gain ₹400 a kg today

Gold Investment Experts by Gold Investment Experts
in Silver Jewelry
2 min read
0
Gold prices jump ₹160 in two days; silver rates gain ₹400 a kg today
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter


NEW DELHI :
Amid fears that the GST Council may improve the products and companies tax (GST) charge on jewelry, gold costs are actually on an upswing in India. A day after leaping by ₹124, gold prices gained ₹33 at present. 10 grams of gold futures now value ₹37,904 on MCX.

Silver charges, too, jumped sharply at present by ₹399. Silver futures for March was being offered at ₹44,525 a kg on the MCX. Silver costs had elevated by ₹124 yesterday.

Abhishek Bansal, Chairman, ABans Group of Firms, mentioned if the federal government will increase the GST charge on jewelry, will probably be unfavorable for the bullion business, as gold is already burdened with a 12.5% import responsibility and a 3% GST.

“It can additional improve the price of jewelry. Gold sellers are providing a reduction in India as demand in the course of the peak marriage ceremony season didn’t pick-up primarily attributable to greater costs and misery within the rural economic system. Gold demand shall be dented additional in case of a authorities improve of GST on bullion jewelry,” Bansal mentioned.

Gold, thought of a secure funding in occasions of political and financial uncertainty, has gained about 15% this yr, primarily pushed by the 17-month-long tariff warfare between the US and China and its affect on the worldwide economic system. Now with the 2 main world economies asserting a partial commerce deal, gold has grow to be much less enticing. US President Donald Trump has cancelled and diminished tariffs in change for Chinese language pledges to extend purchases of US exports and reform its commerce practices.

Nonetheless, with differing views of Chinese language and U.S. officers on the part one of many commerce deal coming to the fore, gold costs have been little modified within the worldwide market at present as buyers most popular to attend for readability earlier than taking positions. Spot gold was buying and selling at $1,475.74 per ounce by 0044 GMT. U.S. gold futures have been flat at $1,480.20.

“Within the treasured metals area, we’re not seeing a lot occurring in both gold or silver, because the unfavorable affect of the commerce information has been greater than offset by the sharp drop within the basic greenback index, conserving values comparatively regular,” YES Securities mentioned in a report.





Source link

Related posts

Silver’s Role in the New Energy Era (Part 3 of 3) –

Silver’s Role in the New Energy Era (Part 3 of 3) –

India spot gold rate witnesses jump of 0.2%; global price drop

India spot gold rate witnesses jump of 0.2%; global price drop

Previous Post

Gold sees modest rebound on short covering, bargain hunting

Next Post

Gold prices modestly up; bulls continue to show resolve

Next Post
Gold prices down as risk appetite remains robust

Gold prices modestly up; bulls continue to show resolve

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Oura Ring Review | PCMag

Oura Ring Review | PCMag

What is the gold-silver ratio telling us?

What is the gold-silver ratio telling us?

Police: Man shot, killed outside downtown Lincoln bar | Crime and Courts

Police: Man shot, killed outside downtown Lincoln bar | Crime and Courts

Rose Quartz Ring Market Size 2020 By Global Business Trends, Share, Future Demand, Leading Players Updates and Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) – Owned

Impact Of Covid-19 on Aquamarine Ring Market 2020 Industry Challenges, by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 – The Daily Philadelphian

BROWSE BY CATEGORIES

  • Foreign Gold Coins
  • Foreign Silver Coins
  • Gold bar
  • Gold Jewelry
  • Platinum Bars
  • Platinum Coins
  • Silver Bars
  • Silver Jewelry

POPULAR NEWS

  • Miles Standish Designs Miss Liberty Silver Bullion Coins

    Miles Standish Designs Miss Liberty Silver Bullion Coins

    11 shares
    Share 4 Tweet 3
  • Bought Out? Why Shopping for Gold All of the sudden Obtained So Exhausting

    3 shares
    Share 1 Tweet 1
  • Palladium Surges above $2,400. Is It Sustainable?

    3 shares
    Share 1 Tweet 1
  • Gold positive factors safe-haven luster as jobless claims contact document

    2 shares
    Share 1 Tweet 1
  • Gold-Backed Cryptocurrencies Develop Premiums as Gold Demand Soars

    2 shares
    Share 1 Tweet 1
  • Concerns rise over fake gold in Saudi Arabia

    2 shares
    Share 1 Tweet 1
Gold Investment Portal

Follow us on social media:

  • Home
  • Gold
    • Gold Jewelry
    • Gold bar
    • Foreign Gold Coins
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Foreign Silver Coins
    • Silver Jewelry
    • Silver Bars
  • About
    • Cookie Policy
    • Privacy Policy
    • CCPA – California Consumer Privacy Act
    • DMCA
    • Terms of Use
  • Contact

Recent Posts

  • Visualizing China’s Dominance in Rare Earth Metals
  • Ruffer buys bitcoin with gold profits as ‘insurance policy’

Recent News

Visualizing China’s Dominance in Rare Earth Metals

Visualizing China’s Dominance in Rare Earth Metals

Ruffer buys bitcoin with gold profits as ‘insurance policy’

Ruffer buys bitcoin with gold profits as ‘insurance policy’

  • CCPA – California Consumer Privacy Act
  • Terms of Use
  • DMCA
  • Privacy Policy
  • Cookie Policy
  • About
  • Contact

Copyright © 2020 Gold Investment. All Rights Reserved.

No Result
View All Result
  • Home
  • Gold
    • Gold bar
    • Foreign Gold Coins
    • Gold Jewelry
  • Platinum
    • Platinum Bars
    • Platinum Coins
  • Silver
    • Silver Bars
    • Silver Jewelry
    • Foreign Silver Coins
  • About
  • Contact
  • Terms of Use
    • Privacy Policy
    • Cookie Policy
    • CCPA – California Consumer Privacy Act
    • DMCA

Copyright © 2020 Gold Investment. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.