Gold demand in India fell 30% year-on-year between July to September but a sense of “cautious optimism” has returned in the market, according to the World Gold Council.
Though there are expectations for some pent-up demand to surface in the current quarter, it is unlikely to offset a decline in full year gold demand for India.
Globally, demand for gold declined 19% year-on-year to 892 tonnes for the July-September quarter — it was the lowest quarterly total since 2009.
For the first…