World Gold Council: Gold Demand Trends 2021

rawan239

12 months ago

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

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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.