India's gold demand is expected to be subdued in the first quarter of 2024 due to lower jewelry sales. However, annual demand is anticipated to rise as consumers adjust to higher prices. The World Gold Council (WGC) projects that India's gold demand, which has been stuck between 700 and 800 metric tons in the past five years, will break out of this range and rise to between 800 and 900 tons in 2024.
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