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 by over a third in 2

  Q3 grew investment demand by 21% y-o-y  Bar-coin investment jumped in Q3 by 49% y-o-y   Recently World Gold Council said, “Strong growth in global investment demand for gold in Q3 partially offset weakness elsewhere as consumers battled the effects of Covid-19!” Global gold demand dropped by 19% y-o-y to 892t in Q3, as consumers continued to feel the impact of the Covid-19 pandemic. This was the lowest quarterly total since Q3 2009. The Year-to-date demand of 2,972.1t was 10% lower versus the same period in 2019, according to the World Gold Council’s latest Gold Demand Trends report.   While overall demand declined, Q3 saw significant growth in investment demand which rose by 21% y-o-y. Investors globally bought 222.1t of gold bars and coins and an additional 272.5t through gold-backed ETFs. Year-to-date, gold ETFs have increased their holdings by a record 1,003.3t.   However, the combination of continued social distancing restrictions in many markets, the economic slowdown, an

WGC reports, Gold mid-year outlook 2020 Recently World Gold Council (WGC) released their Gold mid-year outlook 2020-Recovery paths and impact on performance. The report said Investors have embraced gold in 2020 as a key portfolio hedging strategy. Looking ahead, expectations for a faster recovery (V-shaped) from Covid-19 are shifting towards slower recovery (U-shaped), or potential setbacks from additional waves of infections (W-shaped). Regardless of the recovery type, the pandemic will likely have a lasting effect on asset allocation. It will also continue to reinforce the role of gold as a strategic asset. And we believe that the combination of high risk, low opportunity cost and positive price momentum looks set to support gold investment and offset weakness in consumption from an economic contraction. Gold outperformed in H1 as equities recovered: Gold had a remarkable performance in the first half of 2020, increasing by 16.8% in US-dollar terms and significantl