look news india
The price of one tola of gold has reached around Rs 5.5 lakh. Gold is setting new peaks in terms of prices, yet people's trust in gold is unwavering. Even at the highest prices ever, people's trend of investing in gold is seen intact. Compared to last year, there has been no decrease in the flow of demand for gold this year as well. People's interest in investing in gold remains intact.
If the price of gold continues to fluctuate a lot, then the demand for gold can go around 700 tonnes. But if the price of gold remains the same, then the demand for gold will touch the level of 800 tonnes. The demand for gold in the year 2023 was 745.7 tonnes. According to the World Gold Council, which was three percent less on an annual basis. The high prices led to the biggest drop in demand in four years. While the price of ten grams of gold was Rs 52,000 to Rs 53,000 in the year 2022, the price of ten grams of gold has increased to Rs 65,000 in the year 2023. Gold prices have increased further in the current year 2024, the price of ten grams of gold (24 carats) reached Rs 74,490 in New Delhi last Friday. In which an annual increase of 19.79 percent was recorded. The truth is that despite the high prices of gold, the demand for gold in 2023 and 2024 looks the same. That means, despite the increase in gold prices, there has been no reduction in the demand for gold this year also.
The love for gold never fades
While the price of ten grams of gold was Rs 52000 to Rs 53,000 in the year 2022, the price reached Rs 65000 in the year 2023, has the price of gold increased further in the current year 2024? Last Friday, the price of ten grams of gold (24 carat) in New Delhi reached the level of Rs 74,490? Despite such a high price of gold, there has been no decrease in the demand for gold? The demand for gold in the first quarter of the year 2024 was at the level of 136.6 tonnes, in the same period last year this demand was 126.3 tonnes.
