Thursday, Feb 06, 2025 23:15 [IST]
Last Update: Wednesday, Feb 05, 2025 17:32 [IST]
NEW DELHI, (IANS): Gold investments in India saw a
significant surge in 2024 with a rise of 60 per cent in value terms to reach
$18 billion (approximately Rs 1.5 lakh crore) compared to 2023, according to a
report on Wednesday.
The
World Gold Council (WGC) report further added that gold investment demand stood
at 239 tonnes, marking its highest level since 2013. This was a 29 per cent
increase from the 185 tonnes recorded in 2023.
The
yellow metal investment remained strong in the October-December quarter, with
demand reaching 76 tonnes, nearly matching the previous quarter’s performance,
the report said.
At
239 tonnes, the country's gold investment accounted for 20 per cent of the
global demand in this category, which stood at 1,180 tonnes in 2024.
The
worldwide demand also grew by 25 per cent compared to 945.5 tonnes in 2023.
According
to the WGC report, the primary reason behind the surge was the steady rise in
gold prices throughout the year.
