2-1-2019
ICRA, an Indian investment information agency estimates gold jewellery demand in India will rise six to seven percent over the medium to long-term, buoyed by cultural underpinnings, evolving lifestyle and growing disposable income. Favourable agricultural yields in the past two years have triggered the gold jewellery demand as 65 percent of the Indian population lives in rural areas.
India’s gold demand remained subdued in Q4 of 2018 after a 10 percent jump in Q3 due to a sudden dip in prices during the start of the quarter and lower base effect with the launch of Goods and Services Tax (GST).
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