Current Context : The World Gold Council (WGC) has raised its projection for India’s gold consumption in 2024 to 850 tonnes from 750 tonnes.

ABOUT WGC

• The World Gold Council is an international trade association for the gold industry dedicated to promoting and supporting the global gold industry.
• Founded in 1987
• Headquartered in London
• Offices in India, China, Singapore, the UAE and the United States.
• The organization’s members are gold mining companies.
• It publishes research advocating for gold, various products such as SPDR Gold Shares and gold accumulation plans.