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INDIA'S GOLD DEMAND FALLS 7% IN Q2, HIGHEST SINCE 2019
The Business Guardian
|August 02, 2023
Gold imports saw a 16% jump to 209 tonnes during Q2 of 2023, from the year-ago period on account of stocking, WGC said
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Gold demand in India, the world’s second-largest consumer, dropped by seven per cent to 158.1 tonnes during the April-June quarter of this year due to record high prices in the domestic market, as reported by the World Gold Council (WGC). Despite the decline in demand, gold imports saw a 16 per cent increase to 209 tonnes during the same quarter, driven by stocking activities. The full-year gold demand for 2023 is estimated to be in the range of 650-750 tonnes based on the first-half demand of 271 tonnes.
Diese Geschichte stammt aus der August 02, 2023-Ausgabe von The Business Guardian.
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