Gold sales registered a 6% growth in 2012 depite spurt in the precious metal's prices in recent years, a top official of the World Gold Council said.
Mr. Vipin Sharma, Director (Jewellery) WGC said, “The total sales volumes of gold for 2012 stood at Rs 2.47 lakh crore and total quantity of gold sold in the country was 864 tonnes“
Among this 552 tonnes represented gold jewellery, adding, gold jewellery continued to attract Indian consumers due to its unique features such as for investment purpose & as gift items.
Gold sale maintained a steady average growth of 10% in India, with a total of 700 tonnes since 2003, when the price stood at Rs. 5,400.
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