India Gold demand 2018 to be about 800tons
Jewellery demand in India for Q3 grew by 10% Market eye on festivals and wedding season Somasundaram PR, Managing Director, India, World Gold Council presented India Demand Statistics for Q3 2018 for the period of July to September. Notable key highlights says, demand for gold in India for Q3 2018 was at 183.2 tonnes up by 10% as compared to overall Q3 demand for 2017 was of 165.8 tonnes. While India’s Q3 2018 gold demand in value term remained of Rs 50,090 crores that is about 14% up over the Q3 2017 that worth Rs 43,800 crores. Total Jewellery demand in India for Q3 2018 was up by 10% at 148.8 tonnes as compared to Q3 2017 of 134.8 tonnes. The value of Jewellery demand was Rs 40,690 crores, up by 14% from Q3 2017 which was of Rs. 35,610 crore. Total Investment demand for Q3 2018 was up by 11% at 34.4 tonnes over Q3 2017 of 31 tonnes & in value terms, Investment demand was Rs. 9,400 crores, up by 15% from Q3 2017 of Rs. 8,200 crores. Total gold recycled in