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.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
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:
Did you know that one of the world’s oldest universities was built in ancient India…
Pakistan opener Sahibzada Farhan has been announced as the ICC Men’s Player of the Month…
India's pace bowler Arundhati Reddy has been named ICC Women's Player of the Month for…
Did you know that physics helps us understand how the world around us works, from…
Rwanda's young cricketer Fanny Utagushimaninde has scripted the history by becoming the youngest centurion in…
A major sporting event as the Khelo India Tribal Games 2026 to begins on March…