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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Appetite for gold ETFs in Asia increased for the 9th successive month as global demand levels off: WGC

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Gold-backed ETFs and similar products recorded their ninth consecutive month of inflows in August 2020, albeit at their slowest pace for 2020, says a report from World Gold Council (WGC). Collectively, gold ETFs, added 39 tonnes during the month, equivalent to $ 2.1 billion or 0.9% of assets under management (AUM) as the price of […]

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