Declining gold demand in the whole world. It has been reported in a report. According to the World Gold Council report, the demand for gold across India, including India, has come down. In the first quarter of this year, gold demand in the whole world decreased by 7%. And in India it is 12%. Reduction in demand reduced the country's import to 50%.
Reduced importance of gold as the main reason for demand reduction. This is the reason why the gold price does not change much, the council thinks that. In India, the demand for gold jewelery declined with it. According to the council, many expected that the import of gold in the budget would be reduced. So they did not buy gold for the first two months of the year. But they are frustrated by not ending the duty. The investor does not have much interest in keeping money in the last quarter of the financial year. Rather than get priority, those projects, where tax exemptions are exempted.
