Publish Date: | Fri, 11 Mar 2022 09:32 AM (IST)
Gold Silver Price MP Indore, New Dunia Rep. International investment banking and management firm Goldman Sachs has predicted that central banks’ gold demand will hit an all-time high by the end of this year. Goldman Sachs expects global central bank gold demand to reach a record 750 tonnes per annum by the second half of 2023. Which was at 450 tonnes in 2021. Based on this expectation, the agency has made strong gains in gold by the end of this year.
Goldman estimates that by the end of this year, gold prices will reach $2,500 an ounce internationally. On the other hand, the stock market is seeing a boom due to Ukraine pulling back from NATO membership and hope of restoration of peace. With the threat of COVID almost over, short covering has been seen in the market. The exit poll results have also fueled the market. At the end of trading on Thursday, the stock market managed to close with good gains.
Due to this, the selling pressure on profit-booking continued in the bullion market, leading to a decline in the national and international markets. In Indore, gold had fallen by Rs 650 to Rs 51950 till afternoon, but due to some recovery in the evening, gold declined by Rs 500 to Rs 52100 per ten grams and silver by Rs 700 to Rs 67300 per kg as compared to Wednesday. On the other hand, on Camex, gold was seen trading lower in 2000, at USD 1985 per ounce and silver at USD 25.50 per ounce in the above 25.90.
Closing Price: Gold in Indore Kadbury-Rava 51950 in the morning 52100 gold (RTGS) 54500 gold 22 carat (91.60) 48800 rupees per ten grams. On Wednesday, gold Cadbury closed at Rs 52,600. Silver Chaurasa 67300 Silver Raw 67400 Silver (RTGS) 71000 Rs. per kg. Silver had closed at Rs 68000 on Wednesday.
Ratlam Bullion:
Silver Chaurasa 70500, Tanch 70600, Gold Standard 53700 Rawa 53650 Rs. (RTGS Quote)
Ujjain bullion –
Gold Standard 52300, Sona Rava 52200, Silver Pat 68500, Silver Tanch 68400, Coin 800
Posted By: Sameer Deshpande