Gold demand surges by volume - and value - in Q3 2023
The gold demand increased by 28% YoY to ₹188,400 crore in Q3 2023; in volume terms, the demand rose by 10% in the July-September period.
The gold demand increased by 28% YoY to ₹188,400 crore in Q3 2023; in volume terms, the demand rose by 10% in the July-September period.
However, value wise demand rose by 4% to ₹82,530 crore, compared to the ₹79,270 crore sales in Q2 of 2022.
Driven by the Akshaya Tritiya season, the jewellery industry is expected to witness a 45% year-on-year growth in the first quarter of FY23.