Today, flat prices are seen in gold prices. Gold has been seen trading at Rs 52,230 per 10 grams in Delhi Sarafa Bazar. Sailver was up at Rs. 68,410 per kg with a rise of Rs. 2,915.
Globally, gold demand fell to 3,759.6 tonnes last year (2020), its 11-year low. The total consumer demand for gold stood at 4,386.4 tonnes in 2019. In 2009, the total demand for gold was 3,385.8 tonnes.
On the Multi Commodity Exchange, the price of gold futures delivered in April rose by Rs 182, or 0.37 percent to Rs 49,118 per 10 grams.
Gold was trading 0.33 percent higher at $ 1,847.30 an ounce in the international market, New York.
Let me tell you, for the past few weeks, gold prices have remained continuously below Rs 50,000 per 10 grams. Gold prices reached 51,660 in early January this year.
Will gold prices increase in 2021?
Major central banks across the world have reduced this interest rate to almost zero and it will remain at the same level for at least another year. Also, to provide liquidity in the market, central banks are showing an aggressive attitude. All these will have an impact on the economy and this will increase the prices of gold. Liquidity push will increase gold prices worldwide.