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 Demand Trends 2021,’ worldwide gold demand increased 10% to 4,021.3 tonnes in 2021.
Overall 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.