Mumbai, April 29 -- April 29:India's gold demand surged past 800 tonnes in 2024, driven by a rise in jewellery consumption and increased investments in gold exchange traded funds (ETFs), according to a new report released on Tuesday. The report by Zerodha Fund House revealed that India was the world's largest consumer of gold jewellery in 2024, with total consumption reaching 563 tonnes.

The value of this consumption was estimated at around Rs 3.6 lakh crore. Gold continues to hold a significant place in Indian culture, particularly dur

ing weddings and other auspicious occasions, where its use is widespread. Apart from jewellery, Indians are also investing heavily in gold in the form of bars and coins. In 2024, the country purchased 2...