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Gold Price: Gold becomes costlier by Rs 700, silver becomes cheaper by more than Rs 2700, check rates

Gold Price Update: Gold prices have seen a rise this week. The central government has increased the import duty on gold, due to which the prices of gold have increased. At the same time, silver prices have declined this week. India Bullion and Jewelers Association (IBJA) has given information about this.

How much did gold cost?
Let us tell you that on June 27, it was Rs 51,021 per 10 grams. At the same time, on July 2, the price of gold was at the level of Rs 51,791 per 10 grams. According to the website of IBJA, the price of gold has increased by Rs 770 per 10 grams.

Silver prices fall
Apart from this, talking about the prices of silver, on June 27, the price of silver was at the level of Rs 60507 per kg. At the same time, on July 2, the price of silver was Rs 57,773 per kg. Silver prices have declined by Rs 2,734 this week.

Import duty on gold increased
To curb the import of gold, the government has increased the import duty on gold from 7.5 percent to 12.50 percent. Let us tell you that 2.50 percent Agriculture Infrastructure Development Cess and 3 percent GST have to be paid separately on gold.

Check your city rate
You can also check the price of gold sitting at your home. According to the Indian Bullion and Jewelers Association, you can check the price by just giving a missed call to the number 8955664433. Your message will come on the same number from which you message.

Know whether gold is real or fake
You can also use the government app to check the purity of gold. Through ‘BIS Care app’ you can check the purity of gold whether it is real or fake. Apart from this, you can also complain through this app.

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