Before the introduction of Union Budget, there is a huge jump in gold prices and it has destroyed all its old records. On the Multi Commodity Exchange i.e. MCX on Thursday during futures trading, where its price went beyond Rs 82,000, it reached the high level in the domestic market as well. In the full budget of last year, there was a big decline in the gold price after the custom duty was reduced on the budget day.
In the last budget, there was a fight with a announcement
The price of gold was declined only after a announcement made by the Finance Minister in the full budget of the last financial year. In fact, Nirmala Sitharaman, while presenting his budget speech, had announced to reduce the custom duty on gold and reduced it from 15 percent to 6 percent. After this announcement, there was a big fall in gold prices only on the budget day and it became cheaper by Rs 4000 per 10 grams.
According to the reports, the prices of gold started gaining momentum after a month of the budget and now it has reached the sky. In such a situation, the government can make any announcement about custom duty on gold. Now it will be seen whether the Finance Minister will give relief again or there will be further increase in gold prices.
This is the fresh gold price on MCX
Talk about the prices of gold, then on Friday, its price on MCX was very high and the price of the expiry of April 4 reached Rs 82,415 per 10 grams. On Thursday, on the end of this business, this business climbed Rs 1114 to Rs 81,988. The start of Budget Week i.e. on Monday, its price was Rs 80,160 per 10 grams and so far it has increased by more than Rs 2000 per 10 grams.
Gold also surprised in domestic market
The special thing is that in the MCX and domestic market, gold prices have seen a big jump in the first time of the budget. According to the website of the Indian Bullion Jewelers Association (IBJA), on Friday 31 January, 10 grams of 24 carat gold (24 karat gold price) reached Rs 82,170 per 10 grams. Talking about the gold of the other category, 22 carat gold (80,190 rupees/10 g), 20 carat (Rs 73,130/10 g) and 18 carat gold (Rs 66,550/10 g) reached.
It is worth noting that the gold rates mentioned on the website of the Indian Bullion Jewelers Association remain the same across the country, but these rates have been told without making charge and GST. It increases by adding 3 percent GST and by adding making charge. Explain that making charge can vary in different cities of the country.
Interak the purity of the gold like this
Explain that the price of gold jewelery across the country varies due to excise duty, the taxes of the states and the making charge. Most 22 carats are used to make jewelery, while some people also use 18 carat gold. The hall mark is recorded on the jewelery according to the carat. 999 is written on 24 carat gold jewelery, while 958 is written on 23 carats, 916 on 22 carats, 875 on 21 carats and 750 on 18 carats.
Gold can also be checked with missed calls
You can also check the price of silver price and silver through a missed call. For this, you have to call the number 8955664433 given below. Shortly after the missed call, you will find the rate after SMS. Apart from this, you can also check the rate by visiting the official website ibjaretes.com.