[miningmx.com] – GOLD demand fell to a four-year low in the second quarter owing to record sales of exchange traded products and lower central bank buying, said Bloomberg News citing data from the World Gold Council.
Global demand slipped to 856.3 metric tons in the quarter, from 974.6 tons a year earlier, said Bloomberg News.
Consumer demand in India, the biggest buyer, jumped 71% and China, the second-largest, gained 87& This helped push global bar and coin purchases to a record and jewelry usage to the most since 2008.
But central bank buying fell 57% from a record a year earlier, it said.
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