India's Q3 gold demand up 10%; price to play key role in Dhanteras buying

Releasing the quarterly gold demand report, the World Gold Council (WGC) said India's gold demand increased to 210.2 tonnes during the third quarter of 2023 calendar year, from 191.7 tonnes in the year-ago period. Trade feedback is that consumers have accepted the Rs 60,000 per ten-gram price point, so a downward correction could trigger a significant jump in demand. Dhanteras is considered the most auspicious day in the Hindu calendar for buying items ranging from precious metals to utensils, to other valuables. https://ift.tt/SUT2CXE