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Global gold demand drops one percent in Q1: World Gold Council

posted on 16/05/2015: 2278 views



Global gold demand remained stable in the first three months of the year, totalling 1,079 tonnes, which is only one percent less than the same period last year, a report published Thursday by the World Gold Council shows.

Asia led the way with China and India alone accounting for 54 percent of total global gold purchases in the quarter.

China and India alone accounted for 54 percent of total global gold purchases in the quarter.

Other pockets of strength across South East Asia where Malaysia, Indonesia, South Korea, Thailand and Vietnam, the report shows.

Gold jewellery sales, still the most significant component of overall demand, dropped three percent in the first three months of the year, from 620 tonnes in 2014 to 620 tonnes. – Emirates News Agency, WAM -

http://www.wam.ae/en/news/economics/1395280615135.html

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