The overall gold demand during the corresponding quarter of last year stood at 210.2 tonnes, according to the WGC's Q3 2024 Gold Demand Trends report.
However, with gold prices ruling at all-time highs, there might be an increased trend for investors to wait for price corrections. The full-year gold demand is likely to be in the range of 700-750 tonnes, slightly less than last year, as Dhanteras and wedding season is likely to boost overall gold demand.
In 2023, India's gold demand stood at 761 tonnes. In terms of value, gold demand went up by 53 percent to ₹1,65,380 crore during the third quarter of this calendar year, compared to ₹1,07,700 crore in the same period of 2023.
Total jewellery demand during the July-September period increased by 10 percent to 171.6 tonnes, compared to 155.7 tonnes in the same period in 2023.
Diese Geschichte stammt aus der October 31, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der October 31, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Centre readies plan to sell up to 20% in 5 PSBs
Govt may consider both OFS and QIP routes for diluting its stake
RBI Frees Up Bank Capital With NBFC Risk Weight Rollback
With bank loan growth slowing over the past year, the Reserve Bank of India (RBI) has decided to reverse its decision to increase the risk weight of bank loans to non-banking financial companies (NBFCs), which will result in a substantial release of capital for banks.
Delhi lost ₹2K cr due to liquor policy: CAG
A Comptroller and Auditor General (CAG) report, tabled in the Delhi Assembly on Tuesday, has faulted the excise policy introduced by the previous Aam Aadmi Party (AAP) government in 2021 to have caused cumulative losses worth over ₹2,000 crore to the Delhi government.
Capex slows in FY25 but key infra, power players set to benefit
Post-election capital expenditure (capex) has been weak at 2 per cent year-on-year (Y-o-Y) in M9FY25.
Nifty nears 2nd-worst losing streak in 30 yrs
Amid the fall, one in every five Nifty stock is more than 28% down over the past five months
Ericsson to help Airtel shift to 5G standalone
Ericsson will be supplying key 5G equipment to telecom operator Bharti Airtel for seamless transition to a commercially live, full-scale 5G Standalone (SA) network over time, the Swedish telecom gear maker said on Tuesday.
Road to Decentralisation
Rural local bodies need to be strengthened
Bitcoin slides below $90K as crypto selloff gathers steam
The Fall
Sebi slaps ₹5 cr fine on ICCL for audit, cybersecurity lapses
The Securities and Exchange Board of India (Sebi) on Tuesday imposed a ₹5.05 crore penalty on Indian Clearing Corporation Ltd (ICCL), a wholly owned BSE subsidiary, for failing to comply with cybersecurity and system audit norms.
Microfinance loan book shrinks 3.5% to ₹3.85 trillion in Dec qtr
The gross loan portfolio in the microfinance segment shrunk by 3.5 percent year-on-year (Y-o-Y) to ₹3.85 trillion during the third quarter of financial year 2025 (Q3FY25) as the period was marked by curtailed funding and strict credit underwriting.
