Gold demand in India to rise 33% by 2020: WGC

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Gold demand in India will continue to be robust in the next decade. The cumulative annual demand will be in excess of 1,200 tonnes by 2020, valued at about Rs 2,50,000 crore at current price levels, registering a growth of 33 per cent.
According to a new research conducted by the World Gold Council (WGC), the demand for gold in India would be driven by rapid GDP growth, urbanisation and rise in income and savings levels of the consumer. The gold purchasing would increase by almost three per cent per annum over the next decade.
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