Gold has started the year on a relatively muted note, according to the World Gold Council’s Gold Demand Trends report for the first quarter of 2018.
|
Gift-giving in India and an estimated 150 million weddings over the next decade are expected to help boost gold demand in that country by 30 per cent.
|
Overall global demand for gold this year will surpass 2009 levels, driven by increased consumption in India and China.
|
India and China are leading the way in overall growth in demand for gold, says the World Gold Council (WGC).
|
Worldwide gold demand fell 11 per cent in 2009, but was partially offset by recovery in the jewellery and industrial sectors.
|
Total gold demand for the third quarter of 2009 rose 15 per cent over the previous three months, says the World Gold Council (WGC).
|
Demand for gold in the first quarter of 2009 soared as investors flocked to the precious metal as a safe haven against future inflation and recessionary fears.
|
India leads the pack in demand for gold used for jewellery fabrication, but China is quickly catching up and overtaking Turkey and Italy for second place.
|
The high price of gold and a slowing U.S. economy are to blame for a less robust increase in the worldwide gold demand for jewellery.
|
|
|
