GJ Town India

India jewellery demand down by 42% in 2020   Expected 2021 to go further normalcy returns and s teady course of reforms strengthen the industry India!   Implementation of mandatory hallmarking in June 2021   Key Highlights: 1: Gold demand full year January –December 2020, 2: The gold demand for the full-year 2020 is 446.4 tonnes compared to 690.4tonnes in 2019, 3: Total jewellery demand in India for 2020 was down by 42% at 315.9 tonnes as compared to 544.6 tonnes in 2019, 4: The value of jewellery demand in 2020 was Rs.133,260 crores, down by 22% from 2019(Rs. 171,790 crore) .   5: Total investment demand for 2020 was down by 11% at 130.4 tonnes in comparison to 145.8 tonnes in 2019 In value terms, gold investment demand was Rs. 55,020 crores, up by 20%from 2019(Rs. 45,980 crores),6: Total gold recycled in India in 2020 was 95.5 tonnes as compared to 119.5 tonne. Somasundaram PR, Managing Director, India, World Gold Council said:“India’s gold demand dropped b...

Platform for gold data, analytics and research Soon after the launch by the World Gold Council, Goldhub has become a market-leading source of data, insights and analytical tools are helping investors understand gold’s value as a strategic asset. Goldhub now is an to arm investors with a wide range of data that is necessary when making informed decisions in relation to gold investment. In addition, for the first-time, investors have access to interactive tools and expert research in a single, convenient online resource. John Reade, Chief Market Strategist and Head of Research at the World Gold Council, commented: “We believe Goldhub will be transformative, as it will help investors better understand how gold works and how to evaluate its role in their portfolios. Last year, we commissioned two research studies among institutional investors, and both cited a lack of data as a key reason for not investing in gold. Goldhub will fill that gap.” As of today Goldhub provides...