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WGC: Global gold demand rises 10% to 4,021 tonnes

Posted bySumit Arora Published On January 29th, 2022 Leave a comment on WGC: Global gold demand rises 10% to 4,021 tonnes
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According to the World Gold Council (WGC) report ‘Gold Demand Trends 2021’ has informed that the global gold demand rose 10 per cent in 2021 to 4,021.3 tonnes. The overall gold demand during 2020, which was impacted following Covid-19 related disruptions, stood at 3,658.8 tonnes.

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The demand for the yellow metal was mainly driven by Central bank buying during the fourth quarter of 2021, recovery in jewellery consumption, mainly in India and China. India’s gold consumption surged to 797.3 tonnes in 2021, on the back of the recovery in consumer sentiments and pent-up demand post Covid-19-related disruptions and the bullish trend is set to continue this year as well.

Important takeaways for all competitive exams:

  • World Gold Council CEO: David Tait;
  • World Gold Council Headquarters: London, United Kingdom;
  • World Gold Council Founded: 1987;
  • World Gold Council President: Kelvin Dushnisky.

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Sumit Arora
Sumit Arora
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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

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