India’s Platinum Demand to Rise 25% this Year

Business Standard reported that demand for platinum in India is likely to rise twenty five per cent this year, attributed to growing consumers’ interest in bridal jewellery and other innovative collections.

As quoted in the market news,

In its latest quarterly analysis, London-based World Platinum Investment Council (WPIC) has pegged India’s platinum demand at 125,000 ounce (oz) in 2015, compared with 100,000 oz in 2014.

Platinum demand is steadily rising in India with the introduction of innovative designs of jewellery and wedding sets. The Gem & Jewellery Export Promotion Council (GJEPC) estimates India’s platinum import during April-October 2014 at $11.99 million against $6.81 million imported in the year-ago period.

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