Gold Rate: What happened to this gold ... fell so far ....

Jewelry demand in India declined 41% in the quarter ended March 2020. The World Gold Council (WCG) said in a recent report that it had hit an 11-year low.

Corona, on the other hand, has seen a huge drop in jewelery demand with record gold prices rising. Jewelry demand in India declined 41% in the quarter ended March 2020. The World Gold Council (WCG) said in a recent report that it had hit an 11-year low. We have seen an additional 2 per cent decline in demand by 39 per cent worldwide. Domestically, fresh manure fell to 73.9 tonnes. Worldwide it was limited to 325.8 tonnes. In particular, the demand for gold jewelery fell by 65 percent in China. This is a 13-year low. India's demand for 125 tonnes in the same quarter of 2019 is now down to 73 tonnes in the same quarter.

'Domestically raised prices .. Corona lockdown has had a profound impact on toddler sales. Purchases have virtually ceased on auspicious days like Akshaya Tertiary. With this effect, the demand for gold jewelry has dropped abruptly. But bullion experts say imports will increase if the government imposes a 12.5 percent customs duty on gold imports to 10 percent.

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