The World Gold Council has revised its forecast for India's gold consumption in 2024 to 850 tonnes, up from 750 tonnes. The increase is attributed to a good monsoon and a reduction in the duty on gold. The demand is driven by jewellery, with the trend expected to continue during the Diwali-Dhanteras period. Meanwhile, gold ETFs in India are also witnessing growing interest as gold increasingly becomes a financial instrument.
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