Australian consumers are expected to spend $465 million this Valentine’s Day, a modest decline from recent years as cost-of-living pressures continue to impact retail sales.
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.
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.
India’s Gold Consumption: Demand for gold jewellery in 2023 dropped by 6% to 562.3 tonnes compared with 2022, WGC data released on Wednesday showed. The year, however, saw an improvement in gold investment demand, which increased by 7% to 185.2 tonnes, as consumers saw an investment opportunity in the uptrend in prices.