Gold prices fall sharply, jewelery exports increase by Rs 23,259 crore in the second quarter

Gold Price Today: If you are planning to buy gold at this time, then this is good news for you. Gold prices on the Multi Commodity Exchange (MCX) have also slipped below 48,000 these days. Gold prices on MCX are at the level of Rs 47,300 per 10 grams. At the same time, there has been an increase of about 30 percent in the export of gems and jewelery during this period. Let us tell you how the export of jewelery was in this quarter-

How much was the export last year
The Gem and Jewelery Export Promotion Council (GJEPC) has given information about this on Saturday. At the same time, in the same month a year ago, this figure was Rs 17,936.86 crore. Apart from this, in September 2019, this figure stood at Rs 23,491.20 crore.

Exports increased in the first 6 months
GJEPC said in a statement that in the first six months of the current financial year, April-September, the export of gems and jewelery increased by 134.55 percent to Rs 1,40,412.94 crore as compared to the same period of the previous financial year.

Demand will increase in festive season
GJEPC Chairman Colin Shah said, “With exports of Rs 1,40,412.94 crore or $18.98 billion in April-September, the gems and jewelery sector has achieved half of the government’s target of $41.66 billion for the sector. With the opening of the markets and gradually normalizing the demand, the sentiment of the industry is turning positive. ”He said that now the festive season is approaching. In such a situation, GJEPC hopes to achieve the export target by the end of the financial year.

Export of CPD also increased
The export of cut and polished diamonds (CPD) grew by 122.62 per cent to Rs 91,489.2 crore in April-September, 2021. It was Rs 41,095.89 crore in the same period last year. Similarly, gold jewelery exports increased by 262.66 per cent to Rs 29,379.36 crore from Rs 8,100.97 crore in April-September. Silver jewelery exports during the period grew 48.25 per cent to Rs 9,477.39 crore as against Rs 6,392.65 crore in the year-ago period.

Check rates by giving a missed call on this number
You can also check gold prices 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.

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