Gold price rises by Rs 587, silver rises by Rs 682


On Wednesday, the price of gold and silver rose in the national capital. In the national capital, gold rose by Rs 587 to Rs 45,768 per 10 grams today. According to HDFC Securities, gold had closed at Rs 45,181 per 10 grams in the previous trade. The fall in the rupee against the dollar made gold costlier.

Silver became costlier by Rs 682

Talking about silver, it rose by Rs 682 to Rs 65,468 per kg. Silver had closed at Rs 64,786 on the previous trading day. In the international market, gold reached $ 1,739 an ounce while silver remained flat at $ 25.04 an ounce.

9000 kilograms of digital gold sales 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. Seven-eight crore people have invested in it so far. Experts associated with this business say that there is always a fear among middle-class families about fluctuations in gold prices and theft if kept at home. At the same time, there is no such problem in the purchase of digital gold. He says that at present when new avenues are being discovered for technology and investment, digital gold is also becoming a strong place in it.

Gold demand decreased by more than 35 percent last year

The country's gold demand declined by more than 35 percent to 446.4 tonnes in the last year ie 2020. This information is given in a report by the World Gold Council (WGC). On the WGC's 2020 demand for gold, the report noted that the demand for gold declined amid the enforced lockdown due to the coronavirus and the price of precious metals reaching an all-time high. However, at the same time, the report said that the situation is now normalizing and the industry has been strengthened by continuous reforms. Therefore, the demand for gold is expected to improve in 2021 this year.