You may invest in gold, but do you know these rare facts about the yellow metal?
A precious metal that commands cultural and financial value, gold influences a range of national socio-cultural factors and local market conditions across the world.
Gold is a precious metal that has a cultural and financial value. It is purchased for different reasons by people across the globe. It influences a range of national socio-cultural factors and local market conditions.
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In terms of volume, India and China make for the largest markets together accounting for over 50% of current global gold demand. While Asian and Middle Eastern markets are dominated by demand for purer, high-caratage gold.
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Mines account for around 75% of overall gold supply and the remaining shortfall to meet demand is made up from recycled gold.
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Recycled gold is immediately impacted by gold prices and economic shocks. Majority of recycled gold - around 90% - comes from jewellery, while the remaining 10% is extracted from technology.
