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Gold demand in India back to pre-Covid levels in September quarter: WGC

Typically, July - September is a seasonally weak period for gold demand due to monsoons and inauspicious periods like Pitru-Paksha when buyers usually prefer to postpone gold purchases

Customers, gold, Dhanteras, jewellery
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Customers, gold, Dhanteras, jewellery

Puneet Wadhwa New Delhi
The demand for gold in India has bounced back sharply from the lows seen during the Covid pandemic in 2020. For the quarter ended September 2021, the demand for gold in India jumped 47 per cent year-on-year (YoY) to 139.1 tonnes as compared to 94.6 tonnes in the year ago period, and higher than the 123.9 tonnes recorded in the pre-pandemic September 2019 quarter, World Gold Council (WGC) said in its latest release. In value terms, the demand surged 37 per cent YoY at Rs 59,330 crore during the recently concluded quarter. 

Gold jewellery demand in India during the July