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Gold demand rises 13% to 213 tn in April-June: WGC
Gold demand in India went up by 13 per cent during Aril-June period of this year to 213.2 tonne mainly driven by attractive prices and more number of auspicious days, World Gold Council (WGC) said in a report.
Mumbai: Gold demand in India went up by 13 per cent during Aril-June period of this year to 213.2 tonne mainly driven by attractive prices and more number of auspicious days, World Gold Council (WGC) said in a report.
The overall demand in the country had stood at 189.2 tonne during the second quarter of 2018, according to WGC's Q2 Gold Demand Trends report.
In value terms, gold demand was up 17 per cent during the second quarter at Rs 62,422 crore, compared to Rs 53,260 crore in the same quarter of 2018.
"India's gold demand in Q2 2019 grew by a healthy 13 per cent underpinned by robust trade promotions, a higher number of auspicious days and a positive consumer response to softer prices in April and May," WGC Managing Director, India, Somasundaram PR said.
Total jewellery demand for the second quarter of this year (April-June), increased by 12 per cent at 168.6 tonne compared to 149.9 tonne a year ago.
