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Gold investment demand grows: WGC
Financial Express Chennai
|May 01, 2025
RECENT RALLY REINFORCES SAFE-HAVEN APPEAL
RECORD-HIGH GOLD PRICES have dented the demand for jewellery globally as well as in India. However, a significant increase has been noticed in the investment demand across products (bars, ETFs, etc.), the World Gold Council said in its Gold Demand Trend report for the March quarter.
Globally, gold prices have been ruling at around $3,300 per ounce after touching the near-$3,500 level. In India, prices are hovering around ₹95,000 per 10 gram.
Total demand for gold in India for the quarter under review stood at 118.1 tonne, down 15% from 139 tonne in the year-ago period. Jewellery demand declined 25% to 71.4 tonne while the investment demand grew 7% year-on-year to 46.7 tonne. Total assets under management (AUMs) of gold ETFs hit the highest-ever level of 64.5 tonne, said the report. For past several years, AUMs were in the range of 45-50 tonne.
This story is from the May 01, 2025 edition of Financial Express Chennai.
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