Gold is the third-most popular investment choice, with 46% of all global retail investors choosing gold products - next only to saving accounts (78%) and life insurance (54%)
HDFC Securities Senior Analyst (Commodities) Tapan Patel said spot gold prices for 24 Karat in Delhi were trading up by Rs 118 with recovery in global gold prices and sharp rupee depreciation.
The world's appetite for gold was 2,182 tonnes over January-June, up from 2,021 tonnes in the same period of 2018, according to the WGC
The total jewellery demand grew by 4 per cent (82 tonne) to 2,136 tonne from 2,054 tonne in the same period last year