Indians buy more gold for investment than jewellery for first time, says World Gold Council
Investment-led buying of gold in India outpaced jewellery consumption for the first time on record in the March quarter, reflecting a shift in investor preference amid muted equity returns, the World Gold Council (WGC) said on Wednesday (April 29). Rising purchases of bars, coins and exchange-traded funds helped offset a slowdown in jewellery demand, which…
