Due to high prices, imports of gold will decline in the current month

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New delhi date. December 26, 2019, Thursday

Gold demand has been steadily declining during the current December. As a result, gold imports are likely to decline by about 5% in the current month.

According to market data, gold prices dropped to Rs 5 per gram in November. It was down to 8. Due to this, the demand for marriage was out of proportion.

Gold prices have risen again with the start of December. At Ahmedabad, gold prices rose by Rs. 2 have been reached. According to the report, after the completion of the first phase of the trade deal, there is a possibility of further clarification on the issue globally. Due to which the price of gold has been raised.

Thus, the demand for gold has also reduced its demand during the current month. In view of this, gold imports are likely to drop around 5 tonnes in the current December. "It is worth mentioning here that last October, gold was imported at around 2 tonnes," the sources said. Imports in November rose to around 8 tonnes. It is likely to fall again in the current month.

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