India gold demand News
In 2017, the country consumed 771.2 tonne gold, which declined to 760.4 tonne in 2018, the WGC said in its annual report Thursday.
The gold demand for 2015 stood at 857.2 tonne, the WGC data revealed.
Gold prices rose for the fifth session in a row, by gaining Rs 100 to Rs 31,150 per ten gram today, supported by a firm global trend and wedding season demand from jewellers.
Indian demand for gold is likely to increase in April-June from the first quarter due to strong buying during a major festival, lower prices and robust economic growth, the World Gold Council said on Thursday.
Global gold demand fell to its lowest in nearly five years in the third quarter as Chinese buying slid by a third, the World Gold Council said on Thursday, putting it back behind India as the world`s biggest gold consumer.
Jewellery demand in India surged 60 percent in the third quarter, but investment demand eased 10 percent.
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