Gold prices rose 18% on COMEX and in India, on MCX, gold surged 25%. Gold prices in India include 12.5% import duty and 3% GST. The sharp surge in gold prices however impacted gold demand in India. "In 2019 the Indian demand witnessed a sharp drop when gold hit an all-time high of 39885/10 gms on MCX. Gold demand perked up when prices corrected in the n the last quarter of 2019.

Source: Mint January 01, 2020 03:45 UTC