2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4, 021.3 tonnes
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3, 658.8 tonnes
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5, 051.5 tonnes
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3, 749.2 tonnes
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Detailed explanation-1: -World Gold Council – WGC Why in the News? According to the latest World Gold Council Report titled ‘Gold refining and recycling’, India has ranked 4th in global gold recycling in 2021.
Detailed explanation-2: -India is the second largest gold jewellery consumer in the world. In 2021, India bought 611 tonnes of gold jewellery, second only to China (673 tonnes), but comfortably ahead of all other gold-consuming markets, according to the ‘Jewellery Demand and Trade’ report released by the World Gold Council on January 19, 2023.
Detailed explanation-3: -Gold demand globally 2010-2022. Worldwide gold demand amounted to 4,740.8 metric tons in 2022, an increase from 4,012.8 metric tons in the previous year.
Detailed explanation-4: -The demand for gold across India was about 797.3 metric tons in 2021. This represented an increase of some 78.6 percent in comparison to the previous year, and the first growth after four years of continual annual decline.