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Gold Silver Rates This Week 16 To 20 May 2022 Know All The Rates And Future Predictions

Gold Silver Rates This Week 16 To 20 May 2022 Know All The Rates And Future Predictions
Written by Arindam

Gold-Silver Price UpdatesThere has been a rise in the weekly prices of gold in the country’s bullion market. At the same time, silver has also become expensive. In the entire trading week, the price of gold has increased by Rs 722 per 10 grams, while the price of silver has seen a jump of Rs 1962 per kg.

According to the website of India Bullion and Jewelers Association (IBJA), the rate of 24-carat gold was 50,305 at the beginning of this trading week (May 16 to 20), which has increased to Rs 51,027 per 10 grams till Friday. Was. At the same time, the price of silver of 999 purity increased from Rs 60,042 to Rs 62,004 per kg.

Let us tell you that the prices issued by IBGA keep on getting information about the standard price of gold of different purity. All these prices are before tax and making charges. The rates issued by IBGA are universal across the country but the prices do not include GST.

Gold rate changed so much in last one week

May 16, 2022 – Rs 50,305 / 10 g

May 17, 2022 – Rs 50,593 / 10 g

May 18, 2022 – Rs 50,283 / 10 g

May 19, 2022 – Rs 50,682 / 10 g

May 20, 2022 – Rs 51,027 / 10 grams

Silver rate changed so much in last one week

May 16, 2022- Rs 60,042 per kg

May 17, 2022- Rs 61,302 per kg

May 18, 2022- Rs 61,149 per kg

May 19, 2022- Rs 61,087 per kg

May 20, 2022 – Rs.62,004 per kg

increase in imports

It is worth mentioning that the import of gold in the country increased by 33.34 percent to $ 46.14 billion in the last financial year 2021-22. According to official data, India’s gold import in the financial year 2020-21 stood at $ 34.62 billion.

Gems and jewelery exports increased

It is worth noting that Gems and Jewelery exports have increased in 2021-22 and have increased by about 55 percent to $ 39.15 billion as compared to the previous financial year. Recently, the industry body Gems and Jewelery Export Promotion Council (GJEPC) had informed that the gross export of gems and jewelery stood at $ 25.40 billion in 2020-21.

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