Page 3 - Gold Demand In India

India's gold demand in Jan-Mar drops by 17% due to high prices: WGC

Sharp rise in gold prices and volatility combined with fewer auspicious days to trigger consumption, has led to many households deferring buying perhaps in anticipation of a downward price correction

India's gold demand hits pre-pandemic levels; Q3 gold demand up 14%: WGC

India's gold demand has reached pre-pandemic levels and has witnessed an annual growth of 14 per cent during the July-September quarter at 191.7 tonnes mainly driven by strong consumer interest, according to a World Gold Council (WGC) report. According to the 'Gold Demand Trends Q3 2022' report by WGC, the total demand stood at 168 tonnes during the July-September quarter of 2021. In value terms, gold demand grew by 19 per cent to Rs 85,010 crores during the third quarter of 2022, compared to Rs 71,630 crores in the corresponding period of 2021. India's total gold demand in the third quarter of 2022 at 191.7 tonnes is a 14 per cent increase over last year, which reflects better-than-expected performance and strong consumer interest, helping year-to-date demand return to pre-COVID levels, Somasundaram PR, Regional CEO, India, World Gold Council told PTI. Meanwhile, total jewellery demand in India during the third quarter increased by 17 per cent at 146.2 tonnes, compared to 125.1 ..

Somasundaram PR on how gold demand will pan out in 2022

The demand for gold jewellery hit a six-year high in 2021. Business Standard caught up with Somasundaram PR, Regional CEO, India, World Gold Council, to understand how the demand may pan out in 2022

TMS Ep96: IT growth, crude oil price, Somasundaram PR, Revenue Budget

Will Indian IT industry sustain its growth momentum? How will $120 crude oil price spoil India's budget math? How gold demand will pan out in 2022? What is the Revenue Budget? All answers here

What is behind India's renewed love for gold?

India imported 1,050 tn gold worth ($55.7 bn) in 2021, more than double of 2020. Last year's gold import surpassed the high recorded in 2011. Find out what is behind India's renewed rush for gold?

Festive Boost: Titan, Kalyan, Goldiam can rally up to 18%, charts say

With festive season round the corner and gold sales expected to rise, gold-related stocks are likely to be in focus, the charts are indicating more upside for these stocks

Festivals, weddings to bolster India's gold demand in 2nd half of 2021: WGC

Higher demand from the world's second-biggest gold consumer could support global prices that have corrected nearly 4% so far in 2021

Gold imports plunge in India as second wave of Covid-19 slashes demand

Inbound purchases slumped to 11.3 tons last month from 70.3 tons in April, according to a person familiar with the data, who asked not to be identified as the information isn't public

Pandemic-battered gold demand in India expected to rebound in 2021

Demand is expected to jump closer to the 690 tons bought in 2019 as the country's economy shows signs of recovery, P R Somasundaram, managing director at the council for India, said

India's yearly gold demand in 2020 can be the lowest since 1995: WGC

According to the World Gold Council (WGC), gold demand in India thus far in CY20 stands at 252 tonnes, as compared to 496 tonnes in the same period last year.

India's gold demand fell 32% in Sep quarter on weak sentiment, high prices

WGC cuts full-year forecast for 2019 to 700 tonnes from 750-800 tonnes estimated projected earlier

Problems of gold deposit schemes

Banks, ETFs, and jewellers can get into some arrangement, but regulation can hobble the process

India's gold demand to soften in Q3 on price rise, rural distress: WGC

Two-thirds of India's gold demand comes from rural areas, where jewellery is a traditional store of wealth

As demand falls, traders go online to offer gold for as little as Re 1

Demand for gold is falling, partly as a result of government measures, higher local prices and the metal's fading appeal among more youthful customers

Gold demand picks up in India over wedding season, subdued elsewhere

Gold is an essential part of the bride's dowry in India and also a popular gift from family and guests at weddings

Gold climbs Rs 190 to Rs 31,850 on firm global cues, jewellers' buying

Moreover, increased buying by local jewellers at domestic spot market, supported the uptrend in gold

Jewellers shy away as India gold prices touch near 15-month highs

Gold demand in major hubs in Asia remained dull as most markets were shut for the Lunar New Year holidays

Gold demand slumps as prices rise during peak wedding season

India's gold consumption is likely to drop to its lowest in eight years in 2017

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

Wedding bells set to ring in fresh gold demand in India

Gold is considered an essential part of weddings in India, second-biggest consumer of the metal in the world after China, and it is a popular gift on such occasions