Diabytes
Global gold demand News
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The global jewellery demand was down 3 percent in the July-September quarter as the newly introduced Goods and Services Tax (GST) and tighter anti-money laundering regulations around transactions in India deterred buyers.
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Global gold demand declined by 10 percent to 953 tonnes in the April-June quarter of 2017, due to significant slowdown in inflows into Exchange Traded Funds (ETFs), a World Gold Council (WGC) report said.
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Global gold demand grew by 15 percent to 1,050 tonnes in the second quarter of 2016, mainly driven by considerable investment demand, World Gold Council (WGC) said in its latest report.
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Global gold demand during the July-September period jumped by 7.58 percent to 1,121 tonnes due to softening of the prices, World Gold Council has said.
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Gold prices fell by Rs 220 and settled at Rs 26,110 per 10 gram at the bullion market in Delhi on the back of slack global market and jewellers.
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The overall gold demand stood at 4,087.6 tonnes in 2013, according to WGC 'Gold Demand Trend 2014' report.
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