Business Standard

Shining bright: Record high prices to weigh on demand for gold

Domestic prices are up 8 per cent in the last fortnight; international gold price trades around $1,970 after breaching $2,000 on Monday

gold, gold prices

Rajesh Bhayani Mumbai
The demand for gold is expected to take a hit if the price of the yellow metal -- which has been hovering around Rs 60,000, a level never seen before -- remains elevated.

Because of a sharp increase in price in a very short time and the flow of smuggled gold continuing, gold price in Mumbai is quoted at around Rs 59,000 per 10 gram.

Typically, overall demand in the January-March and July-September quarters is moderate-to-dull, which is the case in the ongoing period. However, this along with prevailing high prices ahead of April-June quarter, which is strong due to

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 21 2023 | 9:03 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to