Gold Prices And Demand Review: CARE Ratings
A pile of Sovereign gold coins in London, U.K. (Photographer: Chris Ratcliffe/Bloomberg)

Gold Prices And Demand Review: CARE Ratings

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

CARE Ratings Research Report

International gold prices inched up to a monthly average of $1,761 per troy ounce in April 2021 after softening to $1,808 a troy ounce in February 2021 and then to $1,718 per troy ounce, the weakest since June 2020, in March 2021.

When compared to their year-ago levels, gold prices averaged 4.7 per cent higher in April 2021 than in April 2020.

Gold prices were relatively benign at the beginning of April.

Higher U.S. treasury yields, and improved risk appetite of investors lowered the appeal of gold and increased the opportunity cost of holding the non-yielding precious metal.

Click on the attachment to read the full report:

CARE Ratings Review of Gold Prices and Demand.pdf

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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