In the national capital, gold prices on Thursday fell by Rs 264 to Rs 46,452 per 10 grams. The fall in the global markets and the appreciation of the rupee against the dollar affected the prices. According to HDFC Securities, the price of gold in the previous session was Rs 46,716 per 10 grams.
Slight rise in silver
Talking about silver, during this period silver gained marginally by Rs 4 and it became Rs 65,484 per kg. It had closed at Rs 65,480 per kg in the previous trading session. In the international market, gold was trading flat at $ 1,797 an ounce while silver was flat at $ 25.17 an ounce.
1328 crore investment in Gold ETF in June quarter
Investors have invested Rs 1,328 crore in Gold Exchange Traded Funds (ETFs) for the quarter ended June 2021. Experts believe that this inflow of investments will continue in the remaining months of the current financial year. In the June quarter this year, investment inflows have been marginally lower amid expectations of a recovery in the economy. This information was obtained from the data of the Association of Mutual Funds in India (Amfi). In the same quarter last year, the investment figure in gold ETFs stood at Rs 2,040 crore. The assets under management (AUM) of gold ETFs rose to Rs 16,225 crore at the end of June 2021 despite reduced investment inflows. The AUM stood at Rs 10,857 crore at the end of June 2020.
In the last financial year 2020-21, gold imports increased by 22.58 percent to reach $34.6 billion or Rs 2.54 lakh crore. The import of gold affects the current account deficit (CAD). According to commerce ministry data, gold imports have increased due to an increase in domestic demand. Silver imports declined by 71 percent to $791 million during the fiscal.