28
Apr
According to the World Gold Council, India's gold demand would climb even more in 2022, widening the trade imbalance and putting pressure on the rupee's falling value. Experts predict that gold consumption in India would reach a six-year high of 800-850 tonnes in 2022, up from 797.3 tonnes in 2021. Furthermore, as a result of the coronavirus disease (Covid-19) outbreak and a visible resurgence in consumer confidence, India's gold consumption has increased by 79 percent since 2020, increasing retail jewellery sales. Due to the second wave of the coronavirus, as well as the destruction and limits imposed by authorities, some…