Silver Gold Price Today 23 December 2020 Latest Price Gold Declines Rs 252 Silver Tumbles Rs 933 – Gold Silver Price: Gold reduced by Rs 252, Silver price fell by Rs 933


Business Desk, Amar Ujala, New Delhi
Updated Wed, 23 Dec 2020 04:28 PM IST

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On Wednesday, the price of gold and silver declined again in the national capital. According to HDFC Securities, gold today fell by Rs 252 to Rs 49,506 per 10 grams in the domestic market. The yellow metal had closed at Rs 49,758 per 10 grams on the previous trading day.

Silver became cheaper by Rs 933
Talking about silver, today the price of silver was reduced by Rs 933 to Rs 66,493 per kg as against Rs 67,426 per kg in the previous trading session. In the international market, gold and silver stood at US $ 1,868 per ounce and US $ 25.53 respectively.

Reduction in gold imports
It is to be noted that during April-November in the current financial year, gold imports in the country declined by 40 per cent to $ 12.3 billion. In the wake of the epidemic, imports declined due to reduced demand. Gold imports have an impact on the current account deficit. According to the data released by the Ministry of Commerce, the import of this precious metal was $ 20.6 billion in the same period of the last fiscal year 2019-20. However, imports grew 2.65 percent year-on-year to $ 3 billion in November.

Import of silver also reduced
During the April-November period of the current financial year, silver imports also fell by 65.7 percent to $ 752 million. The country’s trade deficit (ie the difference between imports and exports) was limited to $ 42 billion in April-November of 2020-21 due to the fall in gold-silver imports. It was $ 113.42 billion in the year-ago period.

On Wednesday, the price of gold and silver declined again in the national capital. According to HDFC Securities, gold today fell by Rs 252 to Rs 49,506 per 10 grams in the domestic market. The yellow metal had closed at Rs 49,758 per 10 grams on the previous trading day.

Silver became cheaper by Rs 933

Talking about silver, today the price of silver was reduced by Rs 933 to Rs 66,493 per kg as against Rs 67,426 per kg in the previous trading session. In the international market, gold and silver stood at US $ 1,868 per ounce and US $ 25.53 respectively.

Reduction in gold imports

It is to be noted that during April-November in the current financial year, gold imports in the country declined by 40 per cent to $ 12.3 billion. In the wake of the epidemic, imports declined due to reduced demand. Gold imports have an impact on the current account deficit. According to the data released by the Ministry of Commerce, the import of this precious metal was $ 20.6 billion in the same period of the last fiscal year 2019-20. However, imports grew 2.65 percent year-on-year to $ 3 billion in November.

Import of silver also reduced
During the April-November period of the current financial year, silver imports also fell by 65.7 per cent to $ 752 million. The country’s trade deficit (ie the difference between imports and exports) was limited to $ 42 billion in April-November of 2020-21 due to the fall in gold-silver imports. It was $ 113.42 billion in the year-ago period.


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