Gold and silver: Gold prices fall marginally, silver prices fall to Rs 216

Gold and silver: Gold prices fall marginally, silver prices fall to Rs 216

Gold prices fell slightly in the national capital on Monday. In the national capital, gold fell by just Rs 15 to Rs 44,949 today. According to HDFC Securities, the gold price stood at Rs 44.9 per 10 grams in the previous trade.

Silver is cheaper at Rs 216

Speaking of silver, it has come down by Rs 216 per kg to Rs 644,222. Silver closed at Rs 434,346 on the previous trading day. In the international market, the price of gold reached $ 1,727 per ounce, while silver reached ২৪ 24 an ounce. Stands in dollars.

Gold demand fell more than 35 percent last year

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 report on the WGC’s 2020 gold demand position states that demand for gold has declined amid the lockdown imposed due to the price of coronavirus and effective precious metals reaching all-time highs. At the same time, however, the report states that the situation is now returning to normal and that the industry has been strengthened through a series of reforms. Thus, gold demand is expected to improve this year in 2021.

Gold imports fell 3.3 percent to ২ 2.11 billion in the first 11 months of the current fiscal year 2020-21. It is noteworthy that gold imports affect the country’s current account deficit (CAD). Yellow metal imports during the same period last year were ২ 26 billion. According to data released by the Ministry of Commerce, the decline in gold imports has helped reduce the country’s trade deficit.

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