30 April 2024
Despite record-high prices, India’s gold demand rose by 8% to 136.6 tonnes in the March quarter, according to the World Gold Council’s “Gold Demand Trends Q1 2024” report. This increase was driven by both a rise in the quarterly average prices by 11% and a volume growth that led to a 20% surge in value terms to Rs 75,470 crore. Jewelry demand grew by 4% to 95.5 tonnes, and investment in gold bars and coins jumped by 19% to 41.1 tonnes, compared to last year.