Customers buy gold at Phu Quy gold shop in Hanoi. (Photo: VNA)
Hanoi (VNS/VNA) - Vietnam is the largest
gold market in Southeast Asia,
according to a recent study of the World Gold Council (WGC).
The
WGC also announced the country among the
top 10 markets in the world, saying
consumer demand for gold in Vietnam reached 39.8 tonnes in 2020, higher than
the demand of 37.6 tonnes in Indonesia and 9.4 tonnes in Singapore.
The
study of 2,000 local investors in March last year also said gold is the top
asset class for 68 percent of Vietnamese investors while the outlook for the
precious metal was positive, adding 81 percent of people who bought gold
According to the World Gold Council’s latest Gold Demand Trends report, gold investment demand fell in Q1 due to being driven by hefty outflows in gold-backed exchange-traded funds (ETFs). This was attributed to growing expectations of higher interest rates impacted sentiment. While Q1’s overall .
The average domestic gold price of Rs 47,131 per10 gm was 14 pc higher in Q1.
India s Q1 gold demand up 37 pc at 140 tonnes: WGC ANI | Updated: Apr 29, 2021 13:46 IST
Mumbai (Maharashtra) [India], April 29 (ANI): Demand for gold in India bounced back during the January to March period to clock a growth of 37 per cent at 140 tonnes compared to the same quarter of 2020, the World Gold Council (WGC) said on Thursday.
The gold demand value in Q1 2021 was Rs 58,800 crore, marking an increase of 57 per cent in comparison with Rs 37,580 crore year-on-year.
Somasundaram P R, Managing Director for India at World Gold Council, said India s Q1 2021 gold demand rose on the back of Covid containment and positive sentiment following start of the vaccination programme.
India s gold jewellery demand down 42 pc in 2020 to 315.9 tonnes: WGC ANI | Updated: Jan 28, 2021 12:27 IST
Mumbai (Maharashtra) [India], January 28 (ANI): The Covid-19 pandemic led to consumer demand weakness with total jewellery demand in India for 2020 dipping by 42 per cent at 315.9 tonnes as compared to 544.6 tonnes in 2019, the World Gold Council (WGC) said on Thursday.
The value of jewellery demand was Rs 133,260 crore, down by 22 per cent from Rs 171,790 crore in 2019. The gold demand for full-year 2020 was 446.4 tonnes compared to 690.4 tonnes in the previous year.
Total investment demand for 2020 was down by 11 per cent at 130.4 tonnes in comparison to 145.8 tonnes in 2019, according to WGC s latest Gold Demand Trends report.
Initial data about the Dhanteras festival in November suggest that while jewellery demand was still below average, it had substantially recovered from the lows seen in the second quarter (April-June 2020) of last year, , World Gold Council (WGC), global economy, economic recovery