Silver prices fall by more than 2300 rupees

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gold-silver

New Delhi: Gold prices continue to rise in prices. Due to weakness in the rupee against the US dollar, the price of 10 grams of gold (Gold Prices) in Delhi has increased by Rs 118 on Thursday. However, unlike the rise in gold, the price of silver has come down. The price of one kilogram of silver (Silver Prices) has come down by Rs. 2384. According to HDFC Security, weakness in the domestic equity market and strengthening in US currency has led to the rise in gold prices. Gold has set a new record by breaking its previous high level. It is trading at an all-time high.

Gold And Silver

New Gold Prices (Gold Price on 30 July 2020)
On Thursday, the price of gold with 99.9 percent purity in Delhi bullion market has increased from Rs 53,742 per 10 gram to Rs 53,860 per 10 gram. During this period, prices have gone up by Rs 118 per 10 grams. In the international market, gold was at $ 1,956 an ounce.

New Silver Prices (Silver Price on 30 July 2020)
On Thursday, the price of silver has come down drastically. The price of one kilogram of silver in Delhi has come down from Rs 66,484 to Rs 64,100. During this period, prices have fallen by Rs 2,384.

Gold demand will be lowest in 26 years
Gold demand in India may decrease to the lowest in 26 years. The new report of the World Gold Council WGC is being feared. The main reason behind this is the wild booming gold prices and the Coronavirus being told. Let us tell you that in the April-June quarter in India the demand for gold has come down by 70 percent to 63.7 tonnes. The report of the World Gold Council (WGC) says that due to the lockdown implemented in the country due to Kovid-19, the demand for gold has come down. In the previous year i.e. in the second quarter of 2019, gold demand in India was 213.2 tonnes. The WGC’s ‘Report on Gold Demand Stance in the Second Quarter’ states that gold demand in India decreased by 57 percent to Rs 26,600 crore in the second quarter by value, from Rs 62,420 crore in the same quarter last year. Was Rs.

Buying gold in a new way
According to the report of the World Gold Council (WGC-World Gold Council), from January to June in the year 2020, investors have accumulated 1,131 tonnes of gold. But it is not in physical form. Rather this investment has been done in paper gold. According to the report, in the previous year i.e. 2019, 595 tonnes of gold was purchased through paper gold. Whereas this year it has risen 90 percent to 1,131 tonnes. The WGC has stated that it is at the highest level ever.

According to WGC, in the April-June quarter (April-May-June), investors bought 582.9 tonnes of gold. This is 98 percent more than last year. Let us tell you that during the April-June quarter in the previous year i.e. 2019, investors bought only 295 tonnes of gold.

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