According to the World Gold Council’s (WGC) Gold Demand Trends report, India remained cautious on gold buying in 2015 as demand remained nearly flat at 848.9 tonnes compared to the previous year. The demand in 2014 was 828.5 tonnes. In 2015, gold demand was valued at Rs 2,02,910 crore as against Rs 2,05,750 crore in 2014. Demand for gold has once again proven resilient in the face of a range of challenges, underlining the role of gold as an essential component of households’ savings and reinforcing the need to bring gold into the financial infrastructure.

Total gold jewellery demand in the country for 2015 was up 5.26% to 654.3 tonnes compared with 621.6 tonnes in 2014. In value terms, jewellery demand in 2015 was Rs 1,56,395.35 crore, a marginal rise of 1.31% from 2014 at Rs 1,54,368.37 crore.

Total jewellery demand for Q4 2015 was up by 6.39% at 173.1 tonnes compared to 162.7 tonnes in Q4 2014. The value of jewellery rise by 4.41% to Rs 40,595.36 crore from Rs 38,879.15 crore in the same period of 2014. Total gold recycled in India in Q4 2015 was 20 tonnes compared to 22.5 tonnes in Q4 2014.