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India’s Gold Consumption Forecast 2024
September 6 , 2024
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- The World Gold Council (WGC) has raised its projection for India's gold consumption in 2024 to 850 tonnes from 750 tonnes.
- In the July-September quarter, the gold demand in India is expected to be 230 tonnes, up 10% year-on-year.
- The Gold demand in the April-June quarter fell 5% year-on-year to 158.1 tonnes owing to high import duty.
- With the government reducing the importing duty on gold to 6% from 15% in the Union budget on July 23, demand saw a quick uptick.
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