The average domestic gold price of Rs 47,131 per10 gm was 14 pc higher in Q1.
India s Q1 gold demand up 37 pc at 140 tonnes: WGC ANI | Updated: Apr 29, 2021 13:46 IST
Mumbai (Maharashtra) [India], April 29 (ANI): Demand for gold in India bounced back during the January to March period to clock a growth of 37 per cent at 140 tonnes compared to the same quarter of 2020, the World Gold Council (WGC) said on Thursday.
The gold demand value in Q1 2021 was Rs 58,800 crore, marking an increase of 57 per cent in comparison with Rs 37,580 crore year-on-year.
Somasundaram P R, Managing Director for India at World Gold Council, said India s Q1 2021 gold demand rose on the back of Covid containment and positive sentiment following start of the vaccination programme.