Data released by the World Gold Council (WGC) shows that gold demand in India increased 15% to 123.5 tonnes in the first quarter of 2017, Art of Jewelry reports. In value, gold demand grew 18% in Q1 2017.
Total jewelry demand was up 16% to 92.3 tonne in Q1, and the value of jewelry demand was up 18% during the period.
Additionally, total investment demand for the period was up 14% at 31.2 tonnes. In value terms, gold investment demand rose 16%. Recycling went up 3%, and total imports during the January-March period rose 112%.
