Gold demand in India fell to 675.5 tonnes in CY2016: World Gold Council
, ET Bureau|
Updated: Feb 04, 2017, 10.21 AM IST
NEW DELHI: The gold demand in India stood at 675.5 tonnes in calendar 2016 compared to 857.2 tonnes in 2015 - a decline of 21.19%, according to data released by World Gold Council on Friday.
The total jewellery demand in India for 2016 was down by 22.4% at 514 tonnes as compared to 662.3 tonnes in 2015. The value of jewellery demand in 2016 was Rs. 138,837.8 crores, a drop of 12.3% from 2015 (Rs. 158,310.4 crore).
The total investment demand for 2016 was down by 17.1% at 161.5 tonnes in comparison to 194.9 tonnes in 2015. In value terms, gold investment demand was Rs. 43,647.5 crores, a fall of 6.3% from 2015 (Rs. 46,597.3 crores)
The total gold recycled in India in 2016 was 89.6 tonnes as compared to 80.2 tonnes in 2015.
The total jewellery demand in India for 2016 was down by 22.4% at 514 tonnes as compared to 662.3 tonnes in 2015. The value of jewellery demand in 2016 was Rs. 138,837.8 crores, a drop of 12.3% from 2015 (Rs. 158,310.4 crore).
The total investment demand for 2016 was down by 17.1% at 161.5 tonnes in comparison to 194.9 tonnes in 2015. In value terms, gold investment demand was Rs. 43,647.5 crores, a fall of 6.3% from 2015 (Rs. 46,597.3 crores)
The total gold recycled in India in 2016 was 89.6 tonnes as compared to 80.2 tonnes in 2015.