According to a new report by the World Gold Council, holdings in global gold-backed ETFs rose 72 tonnes in January 2019 to reach 2,513 tonnes (80.8 million troy ounces), hitting the highest levels in nearly six years. In dollar terms net inflows in January equaled $3.1 billion with the value of gold held in ETF vaults reaching […]
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 […]
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 […]
Global gold demand reached 2,335 tonnes (t) in the first half of 2016 with investment reaching record H1 levels, 16% higher than the previous record in H1 2009, according to the World Gold Council’s latest Gold Demand Trends report. According to the report, demand in the second quarter continued in the same vein as the […]
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 […]