Global demand for gold tumbles by 12% in second quarter as China and India lose appetite for jewellery

Global demand for gold has declined in recent months as key Asian markets lose their appetite for jewellery.

“Total demand was 915 tonnes, a fall of 12% compared with the same period last year, due mainly to a decline in demand from consumers in India and China,” the World Gold Council said in a quarterly update.

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Source: The Guardian Circular Economy RSS