SME Times is powered by   
Search News
Just in:   • Healthy Monsoon forecast, global cues pushes equities higher  • ECLGS 2.0 now covers SMA-1 borrowers  • Forex reserves up by over $4 bn  • Honda Cars India to recall 77,954 units  • Industrial activity to continue despite surge: Haryana CM 
Last updated: 27 Sep, 2014  

Gold.9.Thmb.jpg Gold demands surge 27 pc in January-March

   Top Stories
» ECLGS 2.0 now covers SMA-1 borrowers
» Forex reserves up by over $4 bn
» Industry seeks reimposition of bankruptcy moratorium
» 'Govt should regulate cryptocurrencies, not ban them'
» Startups new champions of Aatmanirbhar Bharat: Goyal
SME Times News Bureau | 17 May, 2013
Demands for gold in India surged 27 percent to 256.5 tonnes in January-March 2013 even though the global demands dropped by 13 percent, the World Gold Council said Thursday.

Addressing the media, World Gold Council India managing director P.R. Somasundaram said demands for the yellow metal for both jewellery and investment purposes remained strong in the first quarter of 2013.

"The price fluctuations in gold have only served to reinforce Indian consumers' appetite for purchasing physical gold," he said.

Global demands for gold was 963 tonnes in January-March this year, 13 percent lower year-on-year. The global demands for gold during the period under review was valued at $50.5 billion.

In India, the jewellery demand increased by 15 percent to 159.5 tonnes in January-March quarter while investment demand surged by 52 percent to 97 tonnes. 
Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 17 Apr, 2021
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
» Covid second wave: Lockdown or no lockdown(2)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter