On Thursday, gold in the national capital fell by Rs 217 to Rs 44,372. According to HDFC Securities, gold stood at Rs 44,569 per 10 grams in the previous trade.
Silver has become cheaper by Rs 1,217
Silver also declined by Rs 1,217 per kg to Rs 66,598 per kg. Silver had closed at Rs 67,815 on the previous trading day. The price of gold in the international market was ১ 1.71 per ounce and silver was ২ 2.09 per ounce.
Tapan Patel, senior analyst (commodities) at HDFC Securities, said the strengthening of the dollar and rising US Treasury yields have weighed on gold prices in the domestic market. It said traders were awaiting the Fed president’s comments.
The government is selling gold at an affordable price for 10 months
If you want to invest in gold, this is the right time for you. The central government has launched a sovereign gold bond scheme. The twelfth series of Sovereign Gold Onds has started from March 1 and you will be able to invest in it by March 5. This project is the most important thing in the last series of the current financial year. At the lower level. The Reserve Bank of India has set the price of gold subscription at Rs 4,662 per gram. If you apply online, you will get a discount of Rs 50 per gram, which means you will spend Rs 4,612 per gram of gold.
Gold demand is expected to improve in 2021
The country’s gold demand fell more than 35 percent last year to 446.4 tonnes, in 2020. This information has been given in a report of the World Gold Council (WGC). The WGC’s report on demand for gold in 2020 noted that demand for gold has declined amid a lockdown due to the price of coronavirus and effective precious metals reaching all-time highs. At the same time, the report said that the situation is now normal and the industry has been strengthened through a series of reforms. As such, gold demand is expected to improve in 2021 this year.