Silver price came down to Rs 68,283 per kg in bullion market.
Gold, Silver rate today: If you are looking for a chance to buy gold, then this can be a good opportunity. This is because the price of 24 carat pure gold has come down to Rs 46,000 per ten grams in the bullion market. In fact, the spot price of pure gold in the Delhi bullion market fell by Rs 320 to Rs 45,867 per ten grams under 46 thousand rupees. At the same time, the price of silver was recorded at Rs 68,283 per kg with a slight fall of Rs 28.
Earlier, on the last trading session i.e. on February 17, the gold price was at Rs 46,187 per ten grams. However, silver was sold at Rs 68,255 per kg. The international market saw a rise in the prices of gold and silver. Gold appeared to be trading at $ 1,780 an ounce and silver at $ 27.16 an ounce.
Custom duty was reduced in the budget
Finance Minister Nirmala Sitharaman in her budget speech had announced to reduce the custom duty on gold, silver and other precious metals from 12.5 per cent to 10 per cent. Explain that earlier on July 2019, the custom duty on these expensive metals was increased from 10 percent to 12.5 percent. After which there was a rise in the prices of gold and silver in the country. Currently, gold and silver have become very expensive.