According to the World Gold Council, global gold demand jumps 10% to 4,021 tonnes.
Highlights:
According to the World Gold Council’s (WGC) publication ‘Gold
74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTubeOverall gold demand in 2020 was 3,658.8 tonnes, which was impacted by the Covid-19-related interruptions.
The demand for gold was driven mainly by central bank purchases in the fourth quarter of 2021 and a rebound in jewelry purchasing, primarily in India and China.
On the back of improved consumer optimism and pent-up demand following the Covid-19-related disruptions, India’s gold consumption increased to 797.3 tonnes in 2021. The optimistic trend is expected to continue this year.