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Gold demand jumps 13% in Q3

Jewellery demand for the third quarter was up by 15% at 211.1 tonnes compared with 184.2 tonnes in the same period last year.

By: Express News Service | Published: November 13, 2015 1:02 am

Gold demand in India in July-September period increased by 13% to 268.1 tonnes due to low prices at the beginning of the quarter, says World Gold Council’s Gold Demand Trends report.

JEWELLERY DEMAND for the third quarter was up by 15% at 211.1 tonnes compared with 184.2 tonnes in the same period last year.

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TOTAL INVESTMENT DEMAND for Q3, was up by 6% at 57 tonnes compared with 54 tonnes last year.

Rs 13,381 cr: The investment demand, a drop of 0.8% from Rs 13,484 crore in same period last year.

TOTAL IMPORTS also increased by 23.90% to 300.6 tonnes during the quarter compared with 242.6 tonnes.

238.2 tonnes: The demand during the corresponding period last year.

DEMAND UP by 5.8% in value terms to Rs 62,939 crore compared with Rs 59,480 crore in Q3 last year.

Rs 49,558 cr: The demand, a rise of 7.7% from Rs 45,996 cr a year ago.

 

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