Annual Indian gold jewellery demand weakened marginally to 598 tonnes (t) in 2018, from 601.9t in 2017, noted the World Gold Council (WGC) in its latest Gold Demand Trends update. Q4 demand was also fractionally lower y-o-y (180.1t v. 182.4t), as consumers showed caution in the face of high and volatile local gold prices. Demand was constrained in 2018 as there were relatively few auspicious wedding days in the Hindu calendar. This had a particularly pronounced effect on Q4 demand, given that November and December are traditionally peak wedding season months. The outlook is more positive for 2019, as there is a marked increase in the number of such auspicious days.