India's 2012 gold demand to moderate as disposable income drops Reuters Published May 17, 2012 comments Join our Whatsapp Channel Add Dawn as a trusted source MUMBAI: Gold demand in India, the world's leading buyer, is likely to moderate in 2012 as higher inflation trims disposable income, Ajay Mitra, Managing Director of India and the Middle East at the World Gold Council, told Reuters on Thursday.In 2011, the country's gold demand was 933.4 tonnes. India's vast gold jewellery market suffered a 19 per cent drop in demand in the first quarter of the year, and investment demand tumbled 46 per cent, pressured by a weak and volatile rupee among others Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.
