Chennai: Gold jewelery Demand in India grew by 93 per cent to a six-year high of 611 tonnes in 2021 from 316 tonnes in 2020. As the number of marriages increase, the higher Savings And stagnant demand boosted the jewelery market, with many retailers reporting record sales last year.
In value terms, jewelery demand stood at Rs 2.6 lakh crore in 2021, up 96% from Rs 1.3 lakh crore in 2020. in totality Sleep Demand increased to 797 tonnes in 2021 compared to 446.4 tonnes in 2020 world gold council figures.
“India’s gold demand grew 79% to 797 tonnes in 2021, primarily a result of an exceptional Q4 (October-December) demand of 343 tonnes, which exceeded our most optimistic expectation expressed in Q3 and Turns out to be the best quarter for us. Recorded data series,” said Somasundaram PR, Regional CEO, India, World Gold Council.
Total investment demand for Q4 2021 grew by 61% to 79 tonnes as compared to Q4 2020 (49 tonnes). In value terms, the investment demand for gold stood at Rs 34,130 crore, which is up 57% from Rs 21,730 crore in the fourth quarter of 2020.
On the other hand, digital gold savings also grew impressively due to their ease and security, which is an indicator of changing future buying behavior in investment gold.
In value terms, jewelery demand stood at Rs 2.6 lakh crore in 2021, up 96% from Rs 1.3 lakh crore in 2020. in totality Sleep Demand increased to 797 tonnes in 2021 compared to 446.4 tonnes in 2020 world gold council figures.
“India’s gold demand grew 79% to 797 tonnes in 2021, primarily a result of an exceptional Q4 (October-December) demand of 343 tonnes, which exceeded our most optimistic expectation expressed in Q3 and Turns out to be the best quarter for us. Recorded data series,” said Somasundaram PR, Regional CEO, India, World Gold Council.
Total investment demand for Q4 2021 grew by 61% to 79 tonnes as compared to Q4 2020 (49 tonnes). In value terms, the investment demand for gold stood at Rs 34,130 crore, which is up 57% from Rs 21,730 crore in the fourth quarter of 2020.
On the other hand, digital gold savings also grew impressively due to their ease and security, which is an indicator of changing future buying behavior in investment gold.
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