 "The virus spread also caused disruption to gold supply with mine production dipping 3 per cent YoY")
India’s demand for gold jewellery slumped 41 per cent in the quarter ended March 2020 to 73.9 tonnes – a 11-year low – as coronavirus pandemic triggered a rally in gold prices, said World Gold Council (WGC) in its latest report on gold demand trends released Thursday. The fall is sharper than the 39 per cent drop seen world over, which is estimated at 325.8 tonnes.
ALSO READ: Gold can hit $3,000/oz as investors become risk-averse: BofA Securities
ALSO READ: Gold can hit $3,000/oz as investors become risk-averse: BofA Securities
On the other hand, demand for gold jewellery in China – the largest consumer of the yellow metal – dropped
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