The post Gold-silver: Increase in the price of gold, silver becomes expensive by Rs 1148, know how much is the price appeared first on NewsCrab.
Gold prices on Friday rose by Rs 441 to Rs 48,530 per 10 grams in the national capital. According to HDFC Securities, its price in the previous session was Rs 48,089 per 10 grams. Talking about silver, during this period silver gained Rs 1,148 and it became Rs 71,432 per kg. It had closed at Rs 70,284 per kg in the previous trading session. In the international market, gold was trading at $ 1,896 an ounce while silver was at $ 28.15 an ounce.
Diamond exports expected to grow by 20 percent: CRISIL The Indian diamond industry is expected to grow exports by 20 percent this year due to improvement in the US and China markets. Rating agency Crisil said that 75 percent of the polished diamonds exported from India go to the US and China. The Indian diamond industry, which is trying to recover from the pressure of the pandemic, may pick up momentum from the second half and exports could stand at $20 billion in 2021. Last year, exports were $16.4 billion, which was 12 percent less than in 2019. The workers working in the diamond industry will return after the second wave of Kovid infection passes, which will also accelerate production.
The government gave exemption in hallmarking of gold jewelry till June 15 The Center has extended by a fortnight to June 15 the deadline for mandatory hallmarking of gold jewelry and artifacts. A decision to this effect was taken in a meeting chaired by Consumer Affairs Minister Piyush Goyal. It is noteworthy that in November 2019, the government had announced to make 'hallmarking' mandatory on gold jewelry and artifacts from January 15, 2021. Gold hallmarking certifies the purity of the precious metal and is currently voluntary.