The global gold demand fell by 7 per cent 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, according to the World Gold Council (WGC). The overall gold demand stood at 1,047 tonne in Q1 2017, WGC said in its ‘Gold Demand Trends’ report for Q1 2018. The fall in demand was largely caused by a decline in investment demand for gold bars and gold-backed exchange traded funds (ETFs) following a subdued gold price environment, it said. The total investment demand in the first quarter was down 27 per cent at 287 tonne, compared to 394 tonne in the corresponding quarter of 2017. China, Germany and the US drove weakness in bar and coin investment causing a 15 per cent drop in the global demand to 254.9 tonne. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774Wednesday, 2 May 2018
Global Gold Demand Dips By 7% To 973 Ton In Q1
The global gold demand fell by 7 per cent 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, according to the World Gold Council (WGC). The overall gold demand stood at 1,047 tonne in Q1 2017, WGC said in its ‘Gold Demand Trends’ report for Q1 2018. The fall in demand was largely caused by a decline in investment demand for gold bars and gold-backed exchange traded funds (ETFs) following a subdued gold price environment, it said. The total investment demand in the first quarter was down 27 per cent at 287 tonne, compared to 394 tonne in the corresponding quarter of 2017. China, Germany and the US drove weakness in bar and coin investment causing a 15 per cent drop in the global demand to 254.9 tonne. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment