Hit by high prices, India’s gold demand lost shine in 2023
Thu, Feb 1, 2024 10:59 AM

Hit by high prices, India’s gold demand lost shine in 2023

A Flip by Shubhangi Gupta
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India's gold demand in 2023 saw a decline of 3% due to high prices, according to the World Gold Council. The global trend also saw a 5% decrease. In India, jewellery demand dropped by 6% while investment demand increased by 7%. China saw a rise of 16% in total demand. Gold imports in India increased by 20%, with the fourth quarter showing a significant increase of 43%.

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