India's Gold Demand Rises 8% In March Quarter: World Gold Council Report

India's gold demand rose 8% annually to 136.6 tonne in the March quarter helped by a strong economic environment despite prices touching historic highs, according to the World Gold Council. The aggressive gold buying by the Reserve Bank of India also contributed to the rise in demand. India's gold demand in value terms rose 20% on an annual basis to Rs 75,470 crore during the January-March period period of this year on volume growth as well as a rise in quarterly average prices by 11%.

On Tuesday, the World Gold Council (WGC) released its global report 'Gold Demand Trends Q1 2024', showing that India's total gold demand, including both jewellery and investment, increased to 136.6 tonne in January-March this year from 126.3 tonne in the year-ago period.