Gold prices on Thursday fell by Rs 861 to Rs 46,863 per 10 grams in the national capital. According to HDFC Securities, its price in the previous session was Rs 47,724 per 10 grams. Talking about silver, during this period silver fell by Rs 1,709 and it became Rs 68,798 per kg. It had closed at Rs 70,507 per kg in the previous trading session. In the international market, gold was trading flat at USD 1,810 an ounce while silver was flat at USD 26.89 an ounce.
Diamond exports expected to grow by 20 percent: CRISIL
Indian diamond industry is expected to grow exports by 20 percent this year due to improvement in the US and China markets. Rating agency Crisil said that 75 percent of the polished diamonds exported from India go to the US and China. The Indian diamond industry, which is trying to recover from the pressure of the pandemic, may pick up momentum from the second half and exports could stand at $20 billion in 2021. Last year, there were exports of $ 16.4 billion, which was 12 percent less than in 2019. After the second wave of Kovid transition passes, workers working in the diamond industry will return, which will also accelerate production.
9000 kg of digital gold sold 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 7-8 crore people have invested in it. Experts associated with this business say that there is always a fear of fluctuating gold prices in middle-class families and theft when kept in the house. At the same time, there is no such problem in buying digital gold. He says that at present, when new avenues are being explored for technology and investment, then digital gold is also becoming a strong place in it.