Chennai, March 8 : Indian retail demand for gold improved in February 2023 supported by a three per cent fall in local prices and wedding purchases, said World Gold Council (WGC) in a report.

According to WGC, the unchanged custom duty in the Union Budget also bolstered wholesale restocking.

Anecdotally, official gold imports are expected to rise in February following the anaemic 28-month low in January of just 11 ton.