Gold Jewellery demand in India rocks up by 39% in 1Q 2021
Jewellery demand in value term grew up by 58%! Net bullion imports in India rose-up by 262% According to the key fact-n-figures that announced by the World Gold Council (WGC) for Gold demand full year for the period of January – March 2021, demand for gold in India for Q1 2021 was at 140 tonnes, increase by 37% as compared to overall Q1 demand for 2020 of 102 tonnes. India’s Q1 2021 gold demand value was Rs 58,800 crores, an increase of 57% in comparison with Q1 2020 of Rs 37,580 crores. Total Jewellery demand in India for Q1 2021 was up by 39% at 102.5 tonnes as compared to Q1 2020 had halted at 73.9 tonnes. The value of Jewellery demand was Rs 43,100 crores, a rise of 58% from Q1 2020 of Rs. 27,230 crore. Total Investment demand for Q1 2021 increased by 34% at 37.5 tonnes in comparison with Q1 2020 had stayed at 28.1 tonnes. In value terms, gold Investment demand was of Rs. 15,780 crores, up by 53% from Q1 2020 recorded of Rs. 10,350 crores. Total gold recycled in India