India's Gold Investments Surge 60% in 2024: Key Factors and Trends
| Summary/Static | Details |
|---|---|
| Why in the news? | India's Gold Investments Soar 60% to ₹1.5 Lakh Crore in 2024 |
| Total Investment Growth | 60% increase, reaching ₹1.5 lakh crore ($18 billion) |
| Gold Investment Demand (India) | 239 tonnes (Highest since 2013) |
| Gold Investment Demand (2023) | 185 tonnes |
| India's Share in Global Demand | 20% of global gold investment demand (1,180 tonnes) |
| Global Gold Investment Growth | 25% increase (from 945.5 tonnes in 2023 to 1,180 tonnes in 2024) |
| Key Factors Driving Growth | Rising gold prices, reduced import duties, festive demand, weak stock markets, e-commerce sales, geopolitical uncertainties |
| Festive Season Boost | Increased buying during Dhanteras and Diwali (Oct-Nov 2024) |
| Quarterly Demand (Q4 2024) | 76 tonnes, close to Q3 levels |
| Gold ETFs Performance | Recovered after hitting a 4-year low of 3,080 tonnes in April 2024 |