The global demand for gold jewelry reached 576 tons ($ 26 billion) in the second quarter of this year, which is 37% higher than the corresponding figure for the same period in 2012, when demand was 421 tons, according to the latest report of the World Gold Council (WGC). It is noted that the highest level of demand for the last five years was recorded.
The demand for gold jewelry in China increased by 54% compared to a year earlier, and in India it grew by 51%. The WGC report shows a significant increase in demand for jewelry in other countries and regions - in the Middle East it was 33%, and in Turkey - 38%.
Investments in gold bullions and coins increased worldwide by 78% on a year-on-year basis, for the first time exceeding the threshold of 500 tons per quarter. In China, the demand for gold bars and coins jumped by 157%, and in India - by 116% and reached a record of 122 tons. The total world demand for jewelry, bullion and coins in the second quarter was 1,083 tons, which is 53% more than in the same period last year.