The demand for gold in the first quarter of this year has been the weakest in 10 years. Gold demand in the country fell by 12 percent to 87.7 tonnes. Whereas the demand for gold in the first quarter of 2017 was 99.2 tonnes. The rising prices of gold, the weakening of rupee and the change due to GST are being said to be the reason.
The World Gold Council (WGC) has released a report called 'Gold demand trends'. It has been said that demand for gold has decreased in the first quarter of the year 2018.
Published On : 04 May 2018