Global Gold Demand

Global gold demand grew 18 per cent annually to touch 4,741 tonnes in 2022, the highest since 2011, mainly driven by strong quarter four (October-December) demand and hefty central bank-buying, the World Gold Council (WGC) said in a report on Tuesday. The total demand during 2021 was 4,012.8 tonnes, according to WGC's annual 'Gold Demand Trends' report. Annual central bank demand more than doubled to 1,136 tonnes in 2022, up from 450 tonnes in the previous year and to a new 55-year high. Purchases in the fourth quarter last year alone reached 417 tonnes, bringing the total for the second half of 2022 to more than 800 tonnes, the report stated. Investment demand (excluding over the counter) in 2022 was up 10 per cent against the previous year, mainly due to a notable slowdown in exchange-traded fund (ETF) outflows and strong gold bar and coin demand. Gold bars and coins continued to hold favour with investors in several countries, which helped to offset weakness in China. Total ..

According to the WGC 'Gold Demand Trends Q1 2022' report, global gold demand surged to 1,234 tonnes during the January-March quarter supported by strong demand for electronic traded funds (ETFs)

Spot gold was steady at $1,895.43 per ounce by 0731 GMT, after scaling to its highest since June 1 at $1,913.89 per ounce in volatile trade on Tuesday. U.S. gold futures GCv1 shed 0.4% to $1,899.70

Spot gold was up 0.2% at $1,909.86 per ounce by 0558 GMT, after scaling its highest since June 1 at $1,913.89 per ounce earlier. U.S. gold futures GCv1 gained 0.7% to $1,912.20

Spot gold XAU= was up 0.1% at $1,826.76 per ounce, as of 0725 GMT, holding near previous session's high of $1,828.68, the strongest level since Jan. 26

Gold prices firmed on Tuesday as Russia-Ukraine concerns kept the safe-haven metal supported near the previous session's over one-week high

The demand for gold jewellery hit a six-year high in 2021. Business Standard caught up with Somasundaram PR, Regional CEO, India, World Gold Council, to understand how the demand may pan out in 2022

The total demand stood at 894.4 tonnes during the third quarter of 2020, WGC's Q3 Gold Demand Trends 2021 report said on Thursday.

However, demand from jewellers and central banks was solid

Demand for gold in India jumped 19.2 per cent in the April - June 2021 quarter to 76.1 tonnes, suggests the latest report from World Gold Council (WGC)

A report by World Gold Council (WGC) said that inflows into North American and Asian funds were primarily offset by outflows from European funds.

Gold is the third-most popular investment choice, with 46% of all global retail investors choosing gold products - next only to saving accounts (78%) and life insurance (54%)

HDFC Securities Senior Analyst (Commodities) Tapan Patel said spot gold prices for 24 Karat in Delhi were trading up by Rs 118 with recovery in global gold prices and sharp rupee depreciation.

The world's appetite for gold was 2,182 tonnes over January-June, up from 2,021 tonnes in the same period of 2018, according to the WGC

The total jewellery demand grew by 4 per cent (82 tonne) to 2,136 tonne from 2,054 tonne in the same period last year