INSUBCONTINENT EXCLUSIVE:
Central banks turned net sellers in the September quarter after a gap of 10 years.In the first three quarters of 2020, gold demand stood at
252 tonnes, which was 49 per cent down from 496 tonnes in the same period last year
one of the lowest yearly demand of 462 tonnes
In Q4 of last year, the demand stood at 194 tonnes
Even if we assume that the country consumes 200 tonnes in the festive quarter of Q4 this, which though is unlikely, the total consumption
consumer sentiment and high prices accompanied by volatility
This is the third lowest quarter since 2000 when WGC has been publishing quarterly demand
demand was down 48 per cent in Q3 against the year-ago quarter, investment demand was 51 per cent up to 33.8 tonnes compared to 22.3 tonnes
41.5 tonnes and imports were up 8 per cent to 90.5 tonnes, mostly in anticipation of the festive season and speculative buying.Globally, the
gold demand was 19 per cent down.
