Gold demand in India could be muted in the second half of 2017, as the rollout of the new Goods and Services tax (GST) from July is expected to dent appetite in the world's second-biggest consumer, the World Gold Council (WGC) said on Thursday. But sales are likely to be robust during the first six months of the year, the WGC said. Gold consumption in the first quarter of 2017 rose 15 percent to 123.5 tonnes on pent-up demand from jewellers as retail consumers ramped up purchases for weddings, the WGC said in a report published on Thursday. The WGC kept its forecast for India's full-year demand at 650 tonnes to 750 tonnes, lower than a 10-year average of 845 tonnes, but just above last year's level. In 2016, gold demand fell 22 percent from a year earlier to 666.1 tonnes, the lowest in seven years.

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