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Showing posts with the label jewellery demand Q3 2018

Gold demand up by 1% in Q3 YoY

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Global jewellery demand increased by 6% YoY Global gold demand was steady in Q3 2018 at 964 tonnes (t), up just 6t year-on-year according to the World Gold Council’s latest Gold Demand Trends report. Robust central bank buying and a 13% rise in consumer demand offset large outflows in gold-backed exchange-traded funds (ETFs). Lower gold prices saw retail investors take refuge in bars and coins, while jewellery purchases increased in India, China and across South-East Asia.   Bar and coin investors took advantage of the price dip, with demand up 28% y-o-y. Stock market volatility and currency weakness boosted demand in many emerging markets. China, the world’s largest bar and coin market, saw demand rise 25% to 86t y-o-y. Iranian demand hit a five-and-a-half year high at 21t. Jewellery demand in Q3 2018 saw price-led y-o-y growth of 6%. Lower gold prices during July and August encouraged bargain hunting among price-sensitive consumers. Growth in India and China, up 10%