Study the table given below which shows the impact on the sale of gold during lockdown period in Delhi. On the basis of the table, write an analytical paragraph on the topic " Impact on the Sales of Gold in Delhi During Pandemic."
Month
January
Februry
March
April
May
June
July
August
200 million
350 million
110 million
80 million
70 million
60 million
80 milliom
110 million
Answers
Answer:
Why gold prices are growing despite lacklustre demand at jewellery stores is available at: Home >Markets >Commodities
Demand for gold in India is anticipated to fall 36%.
Demand for gold in India is anticipated to fall 36%.
Why there is a rise in gold prices despite low demand at jewellery stores
a 4 minute read. 05 Jul 2020
Bloomberg contributors Justina Vasquez, Ranjeetha Pakiam, Elena Mazneva, and Annie Lee
Spot gold closed the second quarter of 2020 up 17%, marking the greatest advance in more than four years.
Even as economies start to recover, the rising prices have discouraged Asian consumers from shopping.
The pandemic's surge in gold investment by Western investors more than makes up for a decline in physical metal demand from traditional retail buyers in China and other emerging markets.
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Answer: The sale of gold decreased during the lockdown
Explanation:
Gold demand in India is expected to decline by 36%.
Indian gold demand is expected to decline by 36%.
Why Are Gold Prices Rising Despite Low Demand From Jewelers? It rose 17% in the second quarter of the year, its biggest rise in over four years.
The economy is slowly recovering, but rising prices are keeping Asian consumers from shopping.
The surge in gold investment by Western investors due to the pandemic has more than offset the decline in physical metal demand from traditional retailers in China and other emerging markets.
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