India remained cautious on gold buying in 2015 as demand remained nearly
flat at 848.9 tonnes compared to the previous year, according to the
World Gold Council’s Gold Demand Trends report.
The demand in 2014 was 828.5 tonnes, the report said.
In 2015, gold demand was valued at Rs. 2,02,910 crore against Rs. 2,05,750 crore in 2014.
“In India, gold demand for 2015 saw a marginal increase to 849 tonnes
from 828 tonnes in 2014. In Q4, 2015, gold demand grew 6 per cent to 233
tonnes from 220 tonnes in the same period last year.
Demand for gold has once again proven resilient in the face of a range of challenges, underlining the role of gold as an essential component of household savings and reinforcing the need to bring gold into the financial infrastructure,” WGC Managing Director India, Somasundaram PR, told
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