Motilal Oswal: Jewellery Demand Seeing Sequential Recovery While Bars, Coins See Surge
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Motilal Oswal Report
We analyzed World Gold Council’s quarterly demand trends for Q3 CY20.
Total global gold demand was down 18.9%/12.2% YoY/QoQ to 892.3 tonne as countries across the world battled the Covid-19 pandemic with surging gold prices adding to the muted sentiments.
Total gold consumer demand in India which includes jewellery, bars and coins, witnessed a 35.8% growth QoQ to 86.6 tonne.
On a YoY basis the demand was still down 30.1%/49.2% for Q3 CY20/9M CY20.
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