1 |
Gold jewellery demand rises 37% in Q2 2013, led by Indian and Chinese consumers |
2 |
Lower gold prices generated a surge in global jewellery demand to 575.5t, the highest volume for five years. In value terms demand was 20% higher than Q2 2012. |
3 |
Sizeable ETF outflows countered by record bar and coin demand of 508t in Q2 2013 |
4 |
The fall in gold prices led to record demand for gold bars and coins of 507.6t, up 56% in value terms to US$23bn. However, this was mitigated by well-documented outflows from ETFs. |
5 |
Technology gold demand saw a marginal increase, up 1% in Q2 2013 |
6 |
Demand for gold in the technology sector in Q2 2013 increased by 1% to 104.3t. Price declines and improvements in economic conditions provided a boost to demand from the electronics segment. |
7 |
Central bank gold purchases slowed in Q2 2013, remain within 70-160 tonne range |
8 |
Central banks added 71.1t of gold to official reserves in Q2 2013, marking the tenth consecutive quarter of net purchases but 57% down on the previous year. |
9 |
Total supply shrank 62 tonnes in Q2 2013, driven by 21% decrease in recycling |
10 |
While Q2 2013 mine production saw a 4% increase year-on-year, the significant reduction in recycling by consumers during the quarter led to the 6% decrease in total supply. |