Global gold demand rises 28% to 1,181.5 tonnes in September quarter: WGC - Business News| Latest News & Reviews On Financial Markets | Themarkettrendz

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Tuesday, 1 November 2022

Global gold demand rises 28% to 1,181.5 tonnes in September quarter: WGC

Among large buyers were the central banks of Turkey, Uzbekistan, Qatar and India, but the WGC said a substantial amount of gold was also bought by central banks that did not publicly report their purchases. It did not give any details on which countries these could be, but banks that do not regularly publish information about their gold stockpiles include those of China and Russia. Purchases of gold bars and coins also surged in Turkey to 46.8 tonnes in the quarter, up more than 300% year-on-year, as people bought gold to shield themselves from rampant inflation.

from Commodities-Markets-Economic Times
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