India’s Gold Demand Rises 15%

14-May (Wall Street Journal) — Demand for gold in India, the world’s largest consumer, rose 15% in the first quarter as relaxed import restrictions and a decline in international prices whet appetite for jewelry, the World Gold Council said Thursday.

Demand rose to 192 tons during the three months ended in March from 167.1 tons a year earlier, the London-based group said in a report. A large part of the jump was thanks to a 22% rise in sale of gold jewelry to 150.8 tons.

Gold imports during the quarter increased 28% to 226.9 tons.

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