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Last Updated : May 01, 2020 09:46 PM IST | Source: Moneycontrol.com

Business Insight | Demand for gold in India fell by 36%

The total investment demand in the first quarter of 2020 was also down by 17 percent.


Gold demand in India fell 36 percent in Q1 of this year to 101.9 tonne as per a WGC Report. This fall was seen because of the nationwide lockdown, volatile prices and economic uncertainties due to the coronavirus pandemic.

According to the World Gold Council's report, India's January-March quarter saw a fall in gold demand by 20 percent in terms of value to Rs 37,580 crore, compared to Rs 47,000 crore in Q1 2019.

The total investment demand in the first quarter of 2020 was also down by 17 percent.

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First Published on May 1, 2020 09:44 pm
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