Chennai: Demand Sleep Globally, there may have been a decline of 7% during the July-September quarter, but there has been no deceleration in purchases of the yellow metal in India, rising 47% by volume to over 139 tonnes.
The increase was driven by a fall in the Covid infection rate, which prompted people to step out and shop, latest report by world gold council (WGC) said.
WGC Regional CEO (India) Somasundaram PR said, “Gold jewelery Demand increased by 58% to 96 tonnes, while investment demand for bars and coins also increased by 18%, which seasonally decreases due to the monsoon.”
like bad times paternal side Also known to keep buyers away.
The demand for gold in the Indian market by value in the second quarter of this financial year increased by 37 per cent to Rs 59,330 crore as compared to last year. Total investment demand grew 27% to 42.9 tonnes.
The increase was driven by a fall in the Covid infection rate, which prompted people to step out and shop, latest report by world gold council (WGC) said.
WGC Regional CEO (India) Somasundaram PR said, “Gold jewelery Demand increased by 58% to 96 tonnes, while investment demand for bars and coins also increased by 18%, which seasonally decreases due to the monsoon.”
like bad times paternal side Also known to keep buyers away.
The demand for gold in the Indian market by value in the second quarter of this financial year increased by 37 per cent to Rs 59,330 crore as compared to last year. Total investment demand grew 27% to 42.9 tonnes.
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