Pune: Gold Falls By Rs 530.0 And Silver By Rs 40.0
Pune, 3rd March 2022: There is a fall in the price of gold in the Pune bullion market. Gold price declined by Rs 530.0 to Rs 52,500.0 per 10 grams. On March 2, the price had closed at Rs 53,030.
Silver was lower by Rs 40.0 per kg. The previous closing price was Rs 68,570 per kg.
When buying jewellery, take special care of hallmarks. Hallmarking guarantees that the item sold by the shopkeeper to the customer is of the same carat as written on the jewellery. Hallmarking is done under the Bureau of Indian Standards Act.
Hallmarking is the precise determination and official record of the proportionate content of that metal in precious metal materials. Hallmarking protects the interests of the buyers by helping them to identify genuine and counterfeit gold.
India imports most of its gold from abroad. Therefore, the impact of global movements and fluctuations in the value of the rupee against the dollar affects the gold and silver prices. India is the world’s largest gold importer. Gold is imported in large quantities from abroad to meet the demand of the jewellery industry. About 800-900 tones of gold are imported into India in a year.
