Highest central bank buying in 50 years drives growth in gold demand in 2018

gold-1.jpg

Global gold demand reached 4,345.1 tonnes (t) in 2018, up 4% on 2017 and in line with five-year average demand of 4,347.5t, according to the World Gold Council’s latest Gold Demand Trends report. The annual increase was driven by a multi-decade high in central bank buying and accelerated investment in bars and coins during the […]

Read more

Data – Gold ETFs lose steam, investors pull out Rs 29,000 crore in Apr-Oct 2018

Gold exchange-traded funds (ETFs) in India are losing momentum, with investors pulling out Rs 29,000 crore during the April-October period of the current fiscal. Fourteen gold-linked ETFs had witnessed a withdrawal of Rs 42,200 crore in the first seven months of 2017-18, latest data from industry body AMFI (Association of Mutual Funds of India) showed. The assets […]

Read more

Global gold demand rises 21 percent in Q1 on huge inflows into ETFs – WGC

Gold-bullion-vault.jpg

Global gold demand reached 1,290 tonnes in the first quarter of 2016, a 21% increase compared to the same period last year, making it the second largest quarter on record, according to the World Gold Council’s (WGC) Gold Demand Trends report. According to the report, this increase was driven by huge inflows into exchange traded […]

Read more