INSUBCONTINENT EXCLUSIVE:
Gold demand during the June-end quarter of the current fiscal roseGold demand in the country went up to 76 tonnes during the June quarter of
impacted economic activities last year
In percentage terms the increase was 19 per cent, according to a World Gold Council Report (WGC).Titled "Gold Demand Trends Q2 2021", the
In terms of value, gold demand showed a jump of 23 per cent during April-June quarter, reaching Rs 32,810 crore
During the corresponding period of 2020, it was Rs 26,600 crore."Demand in H1 totalled 157.6 tonnes, which was 46 per cent below H1 2019,
and 39 per cent lower than the H1 average from 2015-2019," the WGC report said.It further added that the second quarter of 2021 was hit by
numerous regional lockdowns as many states imposed lockdowns to curb the impact of the second wave of the pandemic.This, it said, was unlike
the last year, when the national lockdown had hit businesses
Compared to 2020, the June-end quarter of the current year has been better for businesses as establishments were better prepared for
last year, the report said.
