The strict lockdown imposed in late March eclipsed the gold buying festival of Akshaya Tritiya
Global holdings of physically-backed gold ETFs and similar products jumped by 298 tonnes during the March quarter - the highest quarterly inflows for four years
Gold is the third-most popular investment choice, with 46% of all global retail investors choosing gold products - next only to saving accounts (78%) and life insurance (54%)
Further the report noted that central banks added 156.2 tonne to reserves in Q3, falling 38 per cent in comparison to the record Q3 last year.
The market potential for bullion banking in India, according to the council, has an estimated value between $300 million and 500 million
Gold demand in India is likely to remain below its 10-year average for a third year in 2018
The yellow metal has outperformed the S&P 500 so far this century, returning 86% more than the market, says a World Gold Council report
Given the implementation of GST, WGC expects the demand for gold jewellery to remain muted in the se