Gold rose by Rs 587 and silver by Rs 682

Gold rose by Rs 587 and silver by Rs 682

Gold and silver prices rose in the national capital on Wednesday. In the national capital, gold rose by Rs 587 to Rs 45,768 per 10 grams today. According to HDFC Securities, gold traded at Rs 45,181 per 10 grams in the previous session. The fall in the rupee against the dollar has made gold more expensive.

Silver has become expensive at Rs 682

Speaking of silver, it rose by Rs 682 per kg to Rs 65,468. Silver had closed at Rs 644,7866 on the previous trading day. In the international market, gold reached 73 1,739 per ounce while silver remained steady at .0 25.04 an ounce.

Sales of 9000 kg digital gold in three years

In the last three years, 8,000 to 9,000 kg of digital gold has been bought and sold in the country. So far seven to eight crore people have invested. Experts associated with the business say there is always a risk among middle-class families of gold price fluctuations and theft when kept at home. At the same time, there is no problem in buying digital gold. He says digital gold is also becoming a stronghold as technology and new ways of investing are being explored.

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 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. Thus, gold demand in 2021 is expected to improve this year.

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