Total global demand for gold was up 3% in the first quarter to 1,238 metric tons for all segments, compared with the first quarter of last year, and the World
Gold Jewellery: In India, the world s second-largest gold consumer and a major importer, domestic prices fell to around 70,500 rupees per 10 grams this week, after hitting a record high of 73,958 rupees last month.
Demand for gold bars, coins, and jewellery increased in March quarter. Total gold demand rose due to rising investment interest, positive inflows in gold ETFs, and strong macroeconomic support in India.
Chennai: Despite gold prices touching new highs in the March quarter, demand for the yellow metal was up 8 per cent and the investment demand went up 19 per cent.Gold demand in Q1 2024 was 136.6.
The World Gold Council s Q1 2024 Gold Demand Trends report reveals a 3% increase in global gold demand to 1,238 tonnes, driven by healthy investment from the OTC market and persistent central bank buying. Gold price hit a record quarterly average of US$2,070/oz. Central banks added 290 tonnes to official holdings, highlighting gold s importance in reserve portfolios.