Motilal Oswal: Jewellery Demand Seeing Sequential Recovery While Bars, Coins See Surge
Blank gold coins. (Photographer: Waldo Swiegers/Bloomberg)

Motilal Oswal: Jewellery Demand Seeing Sequential Recovery While Bars, Coins See Surge

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

We analyzed World Gold Council’s quarterly demand trends for Q3 CY20.

Key takeaways:

  • 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.

Click on the attachment to read the full report:

Motilal Oswal Gold Sector Update.pdf

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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

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