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WGC: Gold ETFs get most inflows since Q3CY20, but Jewellery demand falters

According to the WGC 'Gold Demand Trends Q1 2022' report, global gold demand surged to 1,234 tonnes during the January-March quarter supported by strong demand for electronic traded funds (ETFs).

April 28, 2022 / 01:02 PM IST
Representative Image

Representative Image

Global gold demand jumped 34 per cent to 1,234 tonnes during January-March quarter, as investors flocked towards safe-haven investments during times of geopolitical and economic uncertainty, according to a World Gold Council (WGC) report.

According to the WGC 'Gold Demand Trends Q1 2022' report, global gold demand surged to 1,234 tonnes during the January-March quarter supported by strong demand for electronic traded funds (ETFs).

During the first quarter of 2021, global gold demand stood at 919.1 tonnes. Geopolitical crises weighed heavily on the global economy and reinvigorated investor interest, pushing the gold price briefly to USD 2,070 an ounce in March, just shy of its all-time high.

The global gold market saw a solid start to 2022, with first quarter demand (excluding over the counter) up 34 per cent year-on-year, thanks to strong ETF flows, reflecting gold's status as a safe-haven investment during times of geopolitical and economic uncertainty, it added.