Gold and silver rates fall sharply, know the revised rates here

New Delhi: Gold fell 152 rupees, to 48,107 rupees per 10 grams in the country's capital on Monday, following a fall in precious metals in the global market. According to HDFC Securities, it was priced at Rs 48,259 per 10 grams in the previous session. On the other hand, when it comes to silver, silver has also fallen by 540 rupees to 69,925 rupees per kilo.

Silver had closed at Rs 70,465 per kg in the previous trading session. Gold was trading at $1,883 an ounce in the global market, while silver was stable at $27.55 an ounce. With the us and China markets improving, exports to the Indian diamond industry are projected to grow by 20 per cent this year. Rating agency Crisil said 75 per cent of the carved diamonds exported from India go to the US and China.

The Indian diamond industry, which is trying to overcome the pressure of the corona epidemic, could pick up from the second half and exports could remain at $20 billion in 2021. The exports last year were $16.4 billion, down 12 per cent from 2019. The second wave of covid infection will lead to the return of employees working in the diamond industry, which will also speed up production.

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