WGC Raises India’s Gold Consumption Forecast to 850 Tonnes

Source: ET  Context:  The World Gold Council (WGC) has increased India’s gold consumption projection for 2024 to 850 tonnes from 750 tonnes. This revision is due to favourable monsoon conditions and a reduction in gold import duty. The rise in demand, mainly driven by jewellery purchases, is expected to continue through Diwali-Dhanteras. Additionally, interest in …