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India's gold consumption News

India's gold consumption

31 Jan 2023

India's Gold Consumption in 2022 Drops 3% Amid High Prices Rally: WGC

India's gold consumption in 2022 fell 3% from a year earlier, as a rally in local prices to near-record highs. India's gold consumption declined to 774 tonnes last year as demand dropped 20% to 276.1 tonnes in the December quarter, the WGC said in a report. Two-thirds of India's gold demand usually comes from rural areas, where jewellery is a traditional store of wealth.

17 Nov 2017

Gold prices flip to discount as wedding demand underwhelms

Dealers in India were offering a discount of up to $2 an ounce this week over official domestic prices, compared to a $2 premium last week.

09 Nov 2017

Gold demand in India seen falling to lowest in 8 years in 2017

Indian demand is likely to be around 650 tonnes in 2017, compared to a 10-year average of 845 tonnes.

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