640 06-May-2018, Sun
As per WGC’s ‘Gold Demand Trends’ report, the global gold demand fell by 7% to 973 tonne during the January-March period this year as compared to the same period last year mainly due to a decline in investment demand.
Highlights of the report:
- ETF inflows were down year-on-year.
- Investment in gold bars and coins was down.
- Jewelry demand was flat.
- Central banks bought more gold.
- Gold supply up 3 percent year-on-year.
About World Gold Council:-
- The World Gold Council is the market development organisation for the gold industry.
- It works across all parts of the industry, from gold mining to investment, and their aim is to stimulate and sustain demand for gold.
- The World Gold Council is an association whose members comprise the world’s leading gold mining companies.
- It helps to support its members to mine in a responsible way and developed the Conflict Free Gold Standard.
- Headquartered in the UK, they have offices in India, China, Singapore, Japan and the United States.