India’s gold demand bouncing back to pre-COVID levels; Sept ’21 demand rises 47% to 139 tonnes: WGC

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India’s gold demand has seen a 47 per cent year-on-year jump in the July-September quarter to 139.1 tonnes, following strong rebound in economic activity and recovering consumer demand, the World Gold Council said in a report. According to the World Gold Council (WGC), gold demand in India is bouncing back to pre-COVID levels and going […]

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World Gold Council report highlights gold’s role in decarbonising investment portfolios

The World Gold Council today launched a new report “Gold and climate change: Decarbonising investment portfolios”, which looks at gold’s potential impact on the carbon profile of investment portfolios and their alignment with climate targets. This report aims to provide investors and stakeholders with a greater understanding of the implications regarding the transition to net […]

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Gold ETFs witness net outflow of 22.4 tonnes in August: World Gold Council

Gold-backed exchange traded funds (ETF) experienced net outflows of 22.4 tonnes in August 2021, as North American outflows outweighed inflows into European and Asian funds, the World Gold Council (WGC) said. In a report, the WGC said that gold faced headwinds early in August as the dollar briefly strengthened and rising Treasury yields weighed on investment flows, triggering momentum […]

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Consumer buys gold while institutions sell; gold demand remains stable: World Gold Council

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Consumer investment in gold increased in the second quarter of 2021 but some investors were less bullish, according to the World Gold Council’s latest Gold Demand Trends report. The two forces helped create a gold demand of 955.1 tonnes over the quarter, a 9% rise from the first quarter of 2021. Last year, the demand for […]

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Rising Covid-19 cases in India could weigh on consumer gold demand, but support investment

Improved sentiment, as inflation concerns grew, interest rates fell and the US dollar weakened, helped lift gold in April, but rising Covid-19 cases in India could weigh on consumer demand going forward though investment will be supported, the World Gold Council (WGC) said in its monthly report. “Rising inflation expectations and questions around central bank tapering […]

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India’s gold demand recovers modestly in Q3

After India’s nationwide lockdown caused gold jewellery demand to drop to a record low during the second quarter, there was a modest recovery during the third quarter to 52.8 tons, according to the World Gold Council (WGC). Still the demand was 48% lower on year – notching the third lowest quarter for Indian jewellery demand. “Not […]

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Global demand for gold fell 19% during third quarter as pandemic hit hard, says WGC

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Global demand for gold during the third quarter of this year dropped by 19% on year to 892 metric tons, the lowest since that experienced during the third quarter of 2009 as consumers battled the effects of the pandemic, according to the World Gold Council. The year-to-date gold demand is down 10% on year at 2,972.1 […]

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