A strong third quarter lifts gold demand to pre-pandemic levels

The World Gold Council’s latest Gold Demand Trends report reveals that gold demand (excluding OTC) in the third quarter of 2022 hit 1,181 tonnes, up 28% year-on-year. Strong demand pushed the year-to-date total to its pre-COVID levels. Gold demand was bolstered by consumers and central banks, although there was a notable contraction in investment demand.

40% of Indians surveyed have been targeted by a scam when shopping online during the festive season

 

• Over 4 in 5 Indian adults surveyed (85%) admit to risking their personal information or privacy in several ways during the festive season

• 74% of Indian adults surveyed say that spending time online via their connected devices helps their mental well-being during the holiday season

 

India, Delhi – November 1, 2022 – Norton, a global leader in consumer Cyber Safety, today published Indian findings from a global study conducted online in August 2022 among 1,001 Indian adults aged 18+ by The Harris Poll on behalf of NortonLifeLock that explored attitudes towards Cyber Safety and online shopping during the festive season. The report highlights the importance of taking precautions with your personal information online. The findings reveal that all (100%) of those planning to shop during the 2022 festive season expect to do so online, with 61% saying that they expect to do more than half of their festive season shopping online.

The festive season is often a time when many people buy gifts for their family and friends. This holiday season, Indian adults surveyed expect tech-based gifts including smartphones (64%), smart watches (55%), and smart home devices (47%) to be the most sought out gifts. Though only a small minority of adults in India surveyed(8%) plan to buy fewer technology gifts this festive season compared to years past, over 4 in 5 of those planning to buy less tech gifts (84%) say this is due to concerns of rising costs of living and inflation. To help with inflation/the rising cost of living, most Indians surveyed (91%) are likely to take cost cutting measures of some kind this festive season,  which for some includes clicking on a questionable link offering them a good deal on technology products (36%) or a reduced energy bill (29%).