Digital gold purchases jump 83% to Rs 2,590 crore in September
In short
Digital gold purchases rose 83% to Rs 2,590 crore in September, according to the World Gold Council data cited by Economic Times Markets. Volume reached 1.7 tonnes, up 4% from August and 18% above the long-term monthly average.
This matters because it shows more people are buying gold in digital form. The report does not say why demand rose or whether prices changed.
What the reporting says
Digital gold purchases surged 83% to Rs 2,590 crore in September, according to the World Gold Council summary cited by Economic Times Markets. The report says September purchases rose 4% from August and volume reached 1.7 tonnes, 18% above the long-term monthly average, while January-September purchases climbed 76% to 16.3 tonnes from 9.2 tonnes a year earlier. The immediate implication is stronger demand for digital gold, though the drivers are not stated.
Why it matters
Economic Times Markets, citing the World Gold Council, said digital gold purchases jumped 83% to Rs 2,590 crore in September. It also reported 1.7 tonnes of volume, 4% growth from August, and 16.3 tonnes bought in January-September versus 9.2 tonnes in the same period last year. The story points to rising interest in accessible gold investing, but it does not explain the cause.