The average price of gold has eased by 3.2 per cent on an annual basis to Rs 29,190 per 10 gm in 2013-14, Parliament was informed today.
In the current fiscal, gold price has come down to Rs 28,738/10 gm in May from Rs 29,329/10 gm in April, said Minister of State for Finance Nirmala Sitharaman in a written reply to the Lok Sabha.
Silver prices too fell by 19 per cent from Rs 57,602/kg in 2012-13 to Rs 46,637/kg in 2013-14.co
"The yearly average price of gold in India decline by 3.2 per cent from Rs 30,164/10 gm in 2012-13 to Rs 29,190/10 gm in 2013-14," she said.
Besides, silver prices in May stood at Rs 42,116/kg, down from Rs 43,606/kg in April.
"The movements in the domestic price of gold and silver are broadly in tandem with movements in international markets," Sitharaman said.
In order to curb gold imports the government had hiked customs duty on it to 10 per cent and imposed certain restrictions on its imports.
In the current fiscal, gold price has come down to Rs 28,738/10 gm in May from Rs 29,329/10 gm in April, said Minister of State for Finance Nirmala Sitharaman in a written reply to the Lok Sabha.
Silver prices too fell by 19 per cent from Rs 57,602/kg in 2012-13 to Rs 46,637/kg in 2013-14.co
"The yearly average price of gold in India decline by 3.2 per cent from Rs 30,164/10 gm in 2012-13 to Rs 29,190/10 gm in 2013-14," she said.
Besides, silver prices in May stood at Rs 42,116/kg, down from Rs 43,606/kg in April.
"The movements in the domestic price of gold and silver are broadly in tandem with movements in international markets," Sitharaman said.
In order to curb gold imports the government had hiked customs duty on it to 10 per cent and imposed certain restrictions on its imports.
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