Global gold demand drops 1% in Q1, but investments jump — report
Cecilia Jamasmie | May 13, 2015
Other pockets of strength across South East Asia where Malaysia, Indonesia, South Korea, Thailand and Vietnam, the council found.
However gold jewellery sales, still the most significant component of overall demand, dropped 3% in the first three months of the year, from 620 tonnes in 2014 to 620 tonnes.
Source: World Gold Council.
Appetite for golden ornaments in China, the second biggest consumer, dropped 10% to 213 tonnes, as a rising stock market diverted money into equities, but it was still up 27% against the five-year average. There were also declines in Turkey, Russia and the Middle East. This was counterbalanced by a marked surge in world’s top gold consumer India, where demand jumped 22% to 151 tonnes.