Chennai: The demand for gold went up by 14 per cent to 191.7 ton in India during the third quarter of this calendar year, said the World Gold Council (WGC) on Tuesday. According to the WGC, the gold demand in India was at 191.7 ton (value Rs 85,010 crore) during Q3 2022 as against 168 […]
Hyderabad: Demand for gold reached 1,147 tonnes in Q4 2021, its highest quarterly level since Q2 2019 and an increase of almost 50 per cent year-on-year, according to the World Gold Council. The World Gold Council’s latest Gold Demand Trends Report revealed that annual demand (excluding OTC markets) has recovered many of the Covid-induced losses […]
Hyderabad: India is heavily reliant on bullion imports to meet its domestic demand. Over the five-year period 2016-2020, imports made up 86 per cent of India’s gold supply, while recycling accounted for 13 per cent and mining accounted for just one per cent. Since the first duty hike in 2012, India has imported some 6,581 […]
Total jewellery demand in India for 2020 was down by 42 per cent at 315.9 tonnes as compared to 544.6 tonnes in 2019. The value of jewellery demand in 2020 was Rs 1,33,260 crores, down by 22 per cent from 2019