India’s gold demand up 19% in April-June quarter

India’s gold demand increased by 19.2 per cent to 76.1 tonne during the April-June quarter this year, largely due to low base effect, owing to the nationwide lockdown that hit economic activity last year, the World Gold Council (WGC) said in a report. Continue Reading

Consumer demand for gold plunges

The Covid-19 pandemic impacted the consumer sectors of the gold market in the first half of 2020, with total demand dropping by 6 per cent on a year-on-year basis to 2,076 tonne, according to the World Gold Council’s latest ‘Gold Demand Trends’ report. The trend was similar in India with consumer demand hitting a low. Continue Reading