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Global demand for gold down by 12% in last 3 months

August 15, 2013, 12:09 UTC+3

In value terms demand amounted to $39 billion

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MOSCOW, August 15 (Itar-Tass) - The global demand for gold in the second quarter of 2013 was down 12% against the same period of 2012 to 856 tonnes, the World Gold Council said in its survey Gold Demand Trends.

In value terms demand amounted to $39 billion.

Jewellery demand increased by 37% to 576 tons (by $26.2 billion), while investment demand slumped by 63% to 105.4 tons ($4.8 billion).

Central banks in the second quarter reduced gold purchases by 57% to 71 tons (by $3.2 billion).

Gold production in the second quarter increased by 4% to 732 tons, while refining fell by 21%.


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