Gold demand in India rises sharply, rising 37 per cent to 140 tonnes: WGC

India’s gold demand rose 37 per cent to 140 tonnes in the January-March quarter of 2021 compared to the same period last year. During this period, demand for Kovid-19 has increased due to relief, softening of gold prices and suppressed demand. The World Gold Council (WGC) said the matter. According to WGC statistics, the total demand for gold in the first quarter of 2020 is 102 tonnes.

Demand is Rs 58,800 crore

In terms of value, gold demand rose 57 per cent to Rs 58,800 crore in the first quarter, compared to Rs 37,580 crore in the same quarter last year. Total demand for gold jewelery increased 39 percent to 102.5 tonnes during January-March 2020. It was 73.9 tonnes a year ago. If we talk about value, jewelery demand rose 58 per cent to Rs 43,100 crore. 27,230 crore last year.

Gold Price Latest: Gold-silver Price Change, 22 Carat Gold Price Rs

During the period, gold demand rose 34 per cent to 37.5 tonnes compared to 28.1 tonnes in the previous year. On the other hand, in terms of value, it rose 53 per cent to Rs 15,780 crore. 10,350 crore compared to a year ago.

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