112.5 tonnes due to higher pricesGold demand down 17%

 112.5 tonnes due to higher prices Gold demand down 17%

The price of gold reached record highs and came under heavy volatility. This affected the market sentiment. Gold jewelery demand declined by 17.2% from 94.2 tonnes in the first quarter of 2022 to 78 tonnes in January-March 2023. WGC's Regional CEO Somasundaram PR said that is similar to 2010. If we look at the period till now, for the fourth time except the Corona period, the demand from 100 tonnes in January to March quarter gold recycling in the country.

Gold recycling in the country increased by 25% to 34.8 tonnes in the March quarter

increased by 25% to reach 34.8 tonnes. It was 27.8 tonnes in the same quarter last year. Total net bullion import stood at 134 tonnes in the last quarter. This is the first quarter of 2022