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Gold demand drops to 11-year-low in 2020 on weak Q4
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IANS
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Published on
​ Thu, Jan 28 2021 14:36 IST
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Gold falls for fourth day on profit booking. Image Source: IANS News
New Delhi, Jan 28 : Global demand for gold plummeted 14 per cent in 2020 to an 11-year low of 3,759.6 tonne, showed the the World Gold Council s latest Gold Demand Trends report.
It was the first time since 2009 that gold demand plunged below the 4,000 tonne mark.
The decline in annual demand is largely attributed to the 28 per cent year-on-year (YoY) fall to 783.4 tonne in the fourth quarter of 2020, making it the weakest quarter since the midst of the global financial crisis in Q2, 2008. ....

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