New Delhi, May 7 (TIWN) Consumer demand for gold in India saw robust growth in the first quarter of calendar year 2021.

According to a report by Motilal Oswal Institutional Equities, total consumer demand for gold in India, which includes jewellery, bars, and coins, witnessed a 37.4 per cent year on year growth in 1QCY21 to 140 ton. On a QoQ basis, demand was down 24.8 per cent.  Demand for jewellery remained robust in India, with volumes up 38.3% YoY to 102.5 tons in 1QCY21. Demand was boosted by easing of lockdown restrictions, lower gold prices, magnified by lowering of customs duty, and wedding demand.