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Gold demand from India is likely to jump as much as 15% to 300 tonne in the December quarter from a year earlier as pent-up demand post a good monsoon could re-surface after a difficult September quarter, a senior official at the World Gold Council (WGC) said on Tuesday.
"There are 20% more auspicious days and also there is pent-up demand from last quarter. Monsoon has also been good, so all indications are demand will be robust," said Somasundaram PR, WGC's India managing director.
Imports in the September quarter shrunk to 100 tonne, he said. Despite this, imports in 2013 could rise to 900-1,000 tonne from 864 tonne last year, he added.
