Close Menu
Bangla news
    Facebook X (Twitter) Instagram
    Bangla news
    • প্রচ্ছদ
    • জাতীয়
    • অর্থনীতি
    • আন্তর্জাতিক
    • রাজনীতি
    • বিনোদন
    • খেলাধুলা
    • শিক্ষা
    • আরও
      • লাইফস্টাইল
      • বিজ্ঞান ও প্রযুক্তি
      • বিভাগীয় সংবাদ
      • স্বাস্থ্য
      • অন্যরকম খবর
      • অপরাধ-দুর্নীতি
      • পজিটিভ বাংলাদেশ
      • আইন-আদালত
      • ট্র্যাভেল
      • প্রশ্ন ও উত্তর
      • প্রবাসী খবর
      • আজকের রাশিফল
      • মুক্তমত/ফিচার/সাক্ষাৎকার
      • ইতিহাস
      • ক্যাম্পাস
      • ক্যারিয়ার ভাবনা
      • Jobs
      • লাইফ হ্যাকস
      • জমিজমা সংক্রান্ত
    • English
    Bangla news
    Home India’s gold demand to keep rising after big jump in 2021: WGC
    English International

    India’s gold demand to keep rising after big jump in 2021: WGC

    জুমবাংলা নিউজ ডেস্কJanuary 29, 20222 Mins Read
    Advertisement

    INTERNATIONAL DESK: India’s gold consumption is expected to rise further in 2022 after jumping 79% last year as pent-up demand and an improvement in consumer confidence are seen boosting retail jewellery sales, the World Gold Council (WGC) said on Friday.

    Gold consumption in 2022 will likely be 800-850 tonnes versus 797.3 tonnes last year, the highest in six years, Somasundaram PR, regional chief executive officer of WGC’s Indian operations, told Reuters.

    Indian demand has averaged 769.7 tonnes over the last 10 years.

    A rise in consumption by the world’s second-biggest gold consumer would help global prices, but could widen India’s trade deficit and put pressure on the ailing rupee.

    “Muted wedding celebrations due to restrictions mean more savings and that money is flowing into gold,” Somasundaram said.

    Indian authorities imposed various restrictions on wedding celebrations due to the coronavirus outbreak and some people postponed weddings until 2022, he said.

    Gold is an essential part of the bride’s dowry in India and also a popular gift from family and guests at weddings.

    In December quarter, gold consumption nearly doubled from a year ago to a record 343.9 tonnes as retail purchases were robust during the key Hindu festivals Dussehra and Diwali, the WGC said in a report published on Friday.

    In 2021 weddings lifted demand in urban areas, while rural demand was supported by ample monsoon rainfall, which raised crop production, Somasundaram said.

    There is greater acceptance at the current price level from Indian consumers, he said.

    Local gold prices were trading around 48,000 rupees per 10 grams this week after hitting a record high of 56,191 rupees in August 2020.

    Demand for coins and bars, known as investment demand, surged 43% in 2022 to 186.5 tonnes, the WGC said.

    “We expect Indian investment demand to remain healthy as we head into 2022. It may receive support from higher inflation expectations and possible weakness in the rupee due to the widening trade deficit,” it said. (Reuters/Business Standard)

    জুমবাংলা নিউজ সবার আগে পেতে Follow করুন জুমবাংলা গুগল নিউজ, জুমবাংলা টুইটার , জুমবাংলা ফেসবুক, জুমবাংলা টেলিগ্রাম এবং সাবস্ক্রাইব করুন জুমবাংলা ইউটিউব চ্যানেলে।
    2021: after big demand english gold india’s international jump: keep rising wgc
    Related Posts
    Mononoke The Ashes of Rage release date

    Mononoke: The Ashes of Rage Sets August 14 Netflix Release Date for Global Premiere

    August 3, 2025
    India Defies U.S. Sanctions

    India Defies U.S. Sanctions, Prioritizes Russian Oil for Energy Security

    August 3, 2025
    Motorola Edge 50 Fusion

    Motorola Edge 50 Fusion Review: Premium Design Meets Mid-Range Powerhouse

    August 3, 2025
    সর্বশেষ খবর
    Mononoke The Ashes of Rage release date

    Mononoke: The Ashes of Rage Sets August 14 Netflix Release Date for Global Premiere

    India Defies U.S. Sanctions

    India Defies U.S. Sanctions, Prioritizes Russian Oil for Energy Security

    Motorola Edge 50 Fusion

    Motorola Edge 50 Fusion Review: Premium Design Meets Mid-Range Powerhouse

    মেমরি প্যালেস টেকনিকে শিখুন

    মেমরি প্যালেস টেকনিকে শিখুন

    ChatGPT privacy breach

    ChatGPT Privacy Breach Exposes User Chats via Wayback Machine: Urgent Risks Revealed

    Fortnite live event

    Fortnite Super Showdown Live Event: Epic Chapter 6 Finale with Superman and Season 4 Teases

    fantastic four cartoon

    The Forgotten Fantastic Four Cartoon That Replaced Human Torch With a Robot

    3 Body Problem season 2

    Netflix Sci-Fi Fantasy Series Season 2 Renewal Confirmed

    ইন্টারফেইথ রিলেশনশিপ গাইডলাইন

    ইন্টারফেইথ রিলেশনশিপ গাইডলাইন: শান্তিপূর্ণ সহাবস্থানের পথ

    অজানা অফবিট ট্যুরিস্ট স্পট

    অজানা অফবিট ট্যুরিস্ট স্পট: আবিষ্কার করুন!

    • About Us
    • Contact Us
    • Career
    • Advertise
    • DMCA
    • Privacy Policy
    • Feed
    • Banglanews
    © 2025 ZoomBangla News - Powered by ZoomBangla

    Type above and press Enter to search. Press Esc to cancel.