Jewellery demand India rock-up by 93% YoY
Gold demand remained of 797.3 tonnes in 2021 Recently the World Gold Council India pronounced the Gold Demand Trend India for the January to December 2021 & Q4, 2021. The report said, 1: The gold demand for the full-year 2021 is 797.3 tonnes compared to 446.4 tonnes in 2020. 2: Total jewellery demand in India for 2021 was up by 93% at 610.9 tonnes as compared to 315.9 tonnes in 2020. 3: The value of jewellery demand in 2021 was Rs. 261,140 crores, up by 96% from 2020 (Rs 133,260 crores). 4: Total investment demand for 2021 was up by 43% at 186.5 tonnes in comparison to 130.4 tonnes in 2020. 5: In value terms, gold investment demand was Rs. 79,720 crores up by 45% from 2020 (Rs. 55,020 crores). 6: Total gold recycled in India in 2021 was 75.2 tonnes as compared to 95.5 tonnes in 2020, drop of 21% & 7: Total gold imported in India in 2021 was 924.6 tonnes as compared to 349.5 tonnes in 2020, increase of 165%. In his address, Somasundaram PR, Regional CEO...