Gold Demand In India Falls 15 Percent In January-March Quarter
Delhi/Hyderabad, April 30 (Maxim News): Gold purchases in India have fallen. Demand for gold has fallen. The World Gold Council report said that demand for gold fell by about 15 per cent in the January-March quarter.
It is said that gold sales fell to 118.1 tons in that quarter. Currently, the price of gold is up to Rs. 1 lakh per 10 grams of 24 carrots. According to World Gold Council estimates, this year’s gold demand is expected to be upto 700 to 800 tons.
In fact, the price of gold has increased by 25 percent this year. The rumor that 10 grams of gold has reached Rs. 1 lakh has caught the attention of buyers.
However, World Gold Council India CEO Sachin Jain said that gold sales are good on the occasion of Akshaya Tritiya. Some people are hesitant to buy it due to the increase in the price of gold. (Maxim News)
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