Indian Gold Demand Falls 29% in July-September
Indian gold demand fell 29% in July to September, to 162.5 tonnes, according to the World Gold Council. Jewellery demand dropped 20% in volume to 99.9 tonnes. In value terms, though, jewellery demand rose 16% to ₹1,48,700 crore.
Context
Context: Gold is a traditional favourite for weddings and festivals in India, and the World Gold Council tracks demand each quarter. Volume and value can move in different directions, so both numbers matter.
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