In 2020, India's gold demand fell to a 25-year low

-

Mumbai, Ta. Thursday, January 28, 2021

The country's gold demand fell to a three-year low of 6 tonnes in 2020 from 20.50 tonnes in the 2017 calendar year. Earlier in the day, the country's gold demand was seen at 12 per cent, according to a report released by the World Gold Council. Demand for jewelery also declined by 9 per cent to 31,212.50 tonnes in 2016. In 2017, the demand for jewelery was 3.50 tonnes. Gold demand is expected to improve in the current year.

In terms of value, demand for gold jewelery fell by 3% to Rs 130 crore in 2020. Demand was affected by the lockdown imposed by Kovid and the all-time high price of gold, said Somasundaram PR, managing director for India at MM Council.

However, due to higher gold prices, the decline in demand in terms of value was only 15 per cent compared to 2014. In 2020, the price of gold was around Rs 30,000 per ten grams. Demand for jewelery improved in the December quarter due to easing of lockdowns and demand for festivals and weddings, during which demand stood at 16.50 tonnes.

In 2020, December was the strongest quarter in terms of demand. Investment demand also increased in the December quarter. Overall, gold demand in the December quarter stood at 13.50 tonnes, down 3 per cent from the same period last year.

However, due to higher gold prices, demand for value rose by 3% to Rs 40 crore. On the other hand, gold demand is expected to improve in 2021 and will return to 2015 levels.

Comments

Post a Comment

Popular posts from this blog

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

Detailed information about the descalant sulfamic acid

-
Image
- Industrial guidance-long description Boiler scale: When hard water is heated or evaporated inside the boiler walls and tubes, the calcium carbonate, calcium sulfate or other minerals in the hard water are deposited on the boiler walls or tubes after the water is evaporated. If this boiler scale is not removed from the boiler, the life of the boiler ends. That is why soft water is used in most boilers. (treated to remove calcium and magnesium ions before use). Hard water: Hard rock type soils will rot over a long period of time if the water does not contain low percentages of calcium, magnesium carbonate, bicarbonate sulfate or chloride. Degree of Hardness: Grains per gallon or parts per million (ppm) of calcium to measure water hardness. (1 grain of cac03 per gallon is equal to - 17-1 ppm) Up to 5 grains is considered soft water. More than 30, grains is very hard water. The impurity shown above can produce boiler scale. Also can make metal coossive. The temporary hardness can b
Read more