Gold Price Today: The budget has given a big relief to people buying gold. Union Finance Minister Nirmala Sitharaman has reduced the basic customs duty from 10 percent to 5 percent. At the same time, Agri Cess has been reduced from 5 percent to 1 percent. The effect of this decision of the government can be seen on the upcoming gold prices.
Price may come below Rs 70,000
According to Zee Business report, IBJA Secretary Surendra Mehta has said that the reduction in basic duty and agri cess will affect the common man in the coming time. He said that due to this decision of the government, the price of gold may come down below Rs 70,000 per 10 grams. Surendra Mehta says that there is a fear in the bullion market that GST may be increased again from 3 percent to 12 percent.
How much cheaper will gold become?
Surendra Mehta has said that after this announcement, gold will become cheaper by Rs 5.90 lakh per kg. Silver will become cheaper by Rs 7,600 per kg. Platinum has become cheaper by Rs 1900 to Rs 2000.
Benefit to the government
The government will also benefit from this decision. The government will now save Rs 9000 crore on Sovereign Gold Bond (SGB). In recent times, people’s attraction towards Sovereign Gold Bond has increased. The effect of this decision can be seen in the sale of Sovereign Gold.
What is the price of gold today? (Gold Price Today)
According to the information available on the website of ibjarates, the price of 10 grams of 24 carat has come down to Rs 72,609. Yesterday evening its price was Rs 73,218 per 10 grams. The price of silver today is Rs 87576 per kg. Yesterday its rate was Rs 88,196 per kg. Let us tell you, the price of 22 carat today is Rs 72,318. Yesterday it was Rs 72,925.
