India, China drive Q1 global gold demand for jewellery
April 29, 2021
Higher ETF outflows drag down overall offtake of yellow metal by 23 per cent India and China drove gold jewellery demand 52 per higher during the first quarter this year compared with the same period a year ago, but it was still lower than the average first quarter demand during 2015-2019, according to the World Gold Council (WGC).
In its
Gold Demand Trends 2021 report, the WGC said that jewellery offtake totalled 477.4 tonnes compared with 248.25 tonnes a year ago.
The WGC said overall first quarter demand for gold, excluding over-the-counter, was 23 per cent lower than the first quarter last year at 815.7 tonnes.
World gold council says 37 percent increase in demand for gold in india and demand for jewelery also increased
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