Indians ‘spend’ less but ‘invest’ more in Gold
Demand for gold jewellery reduced due to spike in price but sovereign gold bonds December-tranche attracted record subscriptions
gold jewellery demand
February 2024
August 2023
August 2022
High prices slash domestic gold demand 7% in Q2FY23
However, value wise demand rose by 4% to ₹82,530 crore, compared to the ₹79,270 crore sales in Q2 of 2022.
High interest rate makes gold uninteresting
True to its nature, gold takes a plunge with rise in global interest rates
