Gold price hike rs 112 know 10 gram 28 October rate | After the change in the price of gold before the festival, new rates of 10 grams of gold were released


After the change in the price of gold before the festival, new rates of 10 grams of gold were released

New Delhi: Before the festival, there is a change in gold again. Even today there has been a change in the price, after which new rates of 10 grams of gold have also been issued. If you are thinking of buying or investing in gold, then we are giving you information about the new price. According to HDFC Securities, gold rose by Rs 112 to Rs 47,050 per 10 grams in the national capital on Thursday on the back of correction in the precious metal prices internationally. The precious metal had closed at Rs 46,938 per 10 grams in the previous trade.

In contrast, silver fell by Rs 203 to Rs 63,767 per kg from Rs 63,970 per kg in the previous trade. In the international market, gold was trading higher at USD 1,803 an ounce and silver at USD 24.12 an ounce. According to Tapan Patel, Senior Analyst (Commodities), HDFC Securities, “Gold prices corrected against previous losses on lower US bond yields and mixed global cues.”

Gold demand in India back to pre-Covid levels, up 47% in September quarter: WGC

The World Gold Council (WGC) said in a report that gold demand in India grew by 47 per cent year-on-year to 139.1 tonnes during the July-September quarter due to a strong spurt in economic activity and improving consumer demand. According to the WGC, gold demand in India has returned to pre-Covid levels and is expected to remain bullish.

The report titled ‘Gold Demand Trend, 2021’ said that during the September quarter of 2020, the total gold demand in the country stood at 94.6 tonnes. In value terms, gold demand in India grew 37 per cent to Rs 59,330 crore in the quarter under review, from Rs 43,160 crore in the same period a year ago.

WGC Regional Chief Executive Officer (India) Somasundaram PR said, “This increase reflects a low base effect, positive business activity and strong consumer sentiment. This also indicates that the epidemic is coming under control with rapid vaccination and reduction in infection rate. Because of this, there is a strong jump in economic activity.

According to the WGC, global gold demand fell 7 per cent to 831 tonnes during the July-September quarter as compared to the same period of 2020. According to the report, the total demand during the third quarter of 2020 was 894.4 tonnes. The fall was due to withdrawals from gold ETFs.



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