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India's gold demand may dip by 33% at 700 tonne in 2012: WGC

Last Updated: Thursday, August 16, 2012, 18:43

Gold demand in India is likely to drop by around 33 percent at about 700 tonne due this year to weak consumer sentiments following record high local prices and rising inflation following concerns over weak monsoon, the World Gold Council said Thursday.

India's gold demand may dip by 33% at 700 tonne in 2012: WGC

Last Updated: Thursday, August 16, 2012, 18:43

Gold demand in India is likely to drop by around 33 percent at about 700 tonne due this year to weak consumer sentiments following record high local prices and rising inflation following concerns over weak monsoon, the World Gold Council said Thursday.

Indian gold jewellery demand seen up 10-15% in 2012

Last Updated: Monday, January 16, 2012, 08:53

Gold jewellery demand in India, a major global market, is estimated to have risen 5 to 7 percent in 2011 and is set to grow a further 10 to 15 percent this year with bullion prices falling back after recent gains.