Despite a sharp spike in gold prices from January to March this year, the demand for the yellow Metal remained upbeat during the quarter in Gujarat. Against a 17% decline in gold demand in India during the quarter according to the World Gold Council, gold imports inGujaratgrew 75% during the same period.
According to the latest report by the World Gold Council, Indias gold demand declined to 112.5 metric tonne (MT) in January to March 2023, down 17%.
Against this, gold imports in Gujarat stood at 14.69MT during the same period, up 75% as compared to 8.39MT in the corresponding period in 2022, according to Ahmedabad Air Cargo Complex (AACC).