Demand for gold decreasing.!!What is the real reason?

Sindujaa D N
The rising prices of gold have recently reduced its demand. This report reveals that the demand for gold is not limited to our country. There is such a situation internationally. Last year i.e. 2022 January-March was 135.5 tons. It is noteworthy that this year 2023 (January-March) is limited to only 112.5 tons for the first three months.

What is the real reason? Is it a loss of appetite? Such doubts may arise. But the real reason is said to be the fluctuation in gold prices. It is said that when there is a serious fluctuation in gold prices, instead of buying in a hurry, there is a tendency to wait a bit. It is noteworthy that not only gold but also the market of gold jewelry is not in demand. 

The latest report makes it clear that the demand for gold jewelry has decreased from 94.2 tons to 78 tons in the last year. It is said that this is the first time after 2010 that the demand for green jewelry has been recorded below 100 tons in the January-March season. It is said that they are postponing the purchase of paddy due to the huge increase in the price of paddy. 

It is said that they are planning to buy as soon as the prices fall. When it comes to price, it has increased by 19% compared to last year. It is said that many people who cannot buy new gold are showing interest in exchanging old gold and getting new jewellery. It is said that investing in gold in the wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital method is also more.



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