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Gold demand in India in the December quarter dropped 18 per cent over the same period in the previous year to an eight-year low of 194.3 tonnes, said the World Gold Council (WGC) in its 2019 Gold Demand Trend Report, released on Thursday.
This quarter was crucial because of a fall in demand in the Diwali days in the year-ago equivalent period. However, that failed to boost numbers because of high prices, weak consumer sentiment, and rural distress.
India’s demand in 2019 was down 9 per cent at 690.4 tonnes.
India’s net import of gold in 2019
This quarter was crucial because of a fall in demand in the Diwali days in the year-ago equivalent period. However, that failed to boost numbers because of high prices, weak consumer sentiment, and rural distress.
India’s demand in 2019 was down 9 per cent at 690.4 tonnes.
India’s net import of gold in 2019
