Gold Price In India Year 2020

India s gold demand in 2020 falls one third yoy to 446 4 tonnes news.

Gold price in india year 2020. Another shock to society or the markets would put a spotlight on gold s hedging abilities just like it did in 2020 and push the price my 2021 gold price prediction my forecast for the gold price in 2021 is based on the current environment of negative real yields a weak dollar rising inflation expectations and ongoing monetary and. Gold price group 10440 n. Gold price history chart including last 1 year 5 years 10 years and 30 years history here you can see last 50 years of gold price history in india in 1950 the price of gold was around rs 100 per 10 gm of gold.

The price of the yellow metal reached an all time high of rs. In the beginning price at 2128 dollars. The gold price forecast at the end of the month 2126 change for january 0 1.

Gold demand in india hit a 25 year low at 446 4 tonnes in 2020 compared with 690 4 tonnes in 2019 due to the covid 19 induced lockdown and on account of record high prices the india office of. In 2020 the economic and social uncertainties triggered by the coronavirus pandemic turned the spotlight on gold as a safe haven. 28 jan 2021 06 58 pm.

The average for the month 2127. Gold price on 01 dec 2020 was 48 199 rupees per 10 grams. Highest gold price in india in the month of december 2020 was 50 973 rupees per 10 grams while the lowest gold price was 47 706 rupees.

Gold price in december 2020. India s gold demand crashed to its lowest in 26 years in 2020 to 446 4 tonne thanks to the covid 19 pandemic and a rise in the precious metal prices the world gold council wgc said on thursday. Gold prices in india decreased in india on 21 may 2020 after decreasing for three days in a row.

Gold futures prices on mcx for the month of june decreased by 0 5 and are at rs 46 900 for 10 grams. The silver lining in this falling of gold demand is the growing interest among consumers to treat gold as an investment product which has been reflected in the q4 of 2020. In the previous week the prices of gold in india hit record highs and were at rs 47 980 for 10 grams.