Gold Prices And Demand Review: CARE Ratings

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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.

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