Mumbai, April 1 -- 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.

The report by Zerodha Fund House revealed that India was the world's largest consumer of gold jewelry 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 during weddings and other auspicious occasions, where its use is widespread.

Apart from jewelry, Indians are also investing heavily in gold in the form of bars and coins. In 2024, the country purchased 239 tonnes of gold in bar and coin ...