Gold and silver prices rose in the national capital on Thursday. Today gold rose from Rs 382 to Rs 46,992 per 10 grams. According to HDFC Securities, the price of 24-carat gold was Rs 46,610 per 10 grams in the previous session. Today it has registered an increase due to the rapid rise in the international market.
Silver became costlier by Rs 1,280
Talking about silver, during this period silver increased by Rs 1,280 and its price rose to Rs 66,274 per kg. It had closed at Rs 64,994 per kg in the previous trading session. In the international market, gold was trading at USD 1,817 an ounce while silver was at USD 25.42 an ounce.
Gold demand in India increased by 19 percent in the April-June quarter
According to the World Gold Council (WGC) report, gold demand in India grew by 19.2 percent in the April-June quarter this year to 76.1 tonnes. Last year, economic activities were badly affected due to the nationwide lockdown imposed to contain the epidemic. The WGC report 'Gold demand trends in the second quarter of 2021' said that the total gold demand in the second quarter of the calendar year 2020 was 63.8 tonnes.
According to the report, the demand for gold in India in value terms grew by 23 percent in the period under review to Rs 32,810 crore. In the same period of the year 2020, this figure was Rs 26,600 crore. Due to the outbreak of the second wave of coronavirus in the country, there was a fall of 46 percent in demand as compared to the previous quarter. The total demand in the first half of the current year stood at 157.6 tonnes.
1328 crore investment in Gold ETF in June quarter
It is known that investors have invested Rs 1,328 crore in Gold Exchange Traded Funds (ETFs) in the quarter ended June 2021. Experts believe that this inflow of investment will continue in the remaining months of the current financial year.