Last Updated :
20 September 2011 at 20:00 IST
Hike in gold, silver drive jewelry inflation in US
NEW YORK (Commodity Online): The consumer price index (CPI) for jewelry in US has climbed to a new record of 179.75 points showing a rise of 11%.
Rising price of gold, silver and diamond has been the major drivers of jewelry inflation in US.
The consumer price index (CPI) for jewelry in US has climbed to a new record of 179.75 points showing a rise of 11%
The reference point of the jewelry price index is set at 100 points based upon the average price in 1986.
Meanwhile, the CPI for all products rose 3.8% year on year in August to 226.27 points. The reference point is set as 100 based on the average taken from 1982 to 1984.
The price of gold stands at $1792 per ounce and silver stands at $39.50 per ounce.
NCDEX STEELLONGJUN12 20 June 2012
contract was trading at
Rs 0 . What's your view on it?
After reading this article, people also read:
