Indians' love for gold declined in September quarter, demand down 24%: WGC

India's gold demand in the third quarter this year fell 24 per cent to 145.9 tonnes as the implementation of GST and anti-money laundering legislation (AML) around jewellery retail transactions kept buyers away, according to a report of the World Gold Council (WGC).

The gold demand in India stood at 193 tonnes during the third quarter of 2016, according to WGC's Global gold demand in Q3 2017.

In value terms, the gold demand declined by 30 per cent at