Global Gold Demand Declines to Five-Year Low, WGC Says
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Gold demand fell to the lowest in almost five years in the third quarter as bar and coin buying slid and jewelry purchases slowed, the World Gold Council said.
Global demand declined 2.5 percent from a year earlier to 929.3 metric tons, the lowest since the last quarter of 2009, the London-based council said today in a report. While global jewelry consumption slipped 4 percent, demand for the items climbed 60 percent in India, helping keep the nation above China as the biggest user on a quarterly basis.