Wednesday 1 August 2018

Global Q2 gold demand falls by 4% to 964.3 tonnes: WGC-Sai Proficient

Global gold demand fell by 4 percent in the April-June quarter at 964.3 tonnes from the same period last year mainly on account of slower inflows into gold-backed exchange-traded funds (ETFs) and drop in jewellery demand, World Gold Council (WGC) said in a report.

The total Gold demand stood at 1,007.5 tonnes in the second quarter of 2017, WGC said in its Gold Demand Trends Q2 2018 report.


Total investment declined by 9 per cent to 281.4 per cent during the second quarter of this year compared to 310.3 tonnes in the same period last year.

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