India’s gold demand up 8 pc in Jan-Mar to 136.6 tonne despite high rate
NEW DELHI, Apr 30 (PTI): India’s gold demand rose 8 per cent annually to 136.6 tonne in the March quarter helped by a strong economic environment despite prices touching historic highs, according to the World Gold Council.
The aggressive gold buying by the Reserve Bank of India (RBI) also contributed to the rise in demand.
India’s gold demand in value terms rose 20 per cent on an annual basis to Rs 75,470 crore during the January-March period of this year on volume growth as well as a rise in quarterly average prices by 11 per cent.
KV Network
