RESEARCH AND ANALYSIS
Some key findings of the latest GFMS Gold Survey:
. Physical gold demand was up by 7% year-on-year
in Q3 2015.
. Demand for gold bars and coins registered a 26%
year-on-year increase during Q3, rising to an estimated 296 tonnes.
. A sharp price correction in July, which saw the
gold price plunge to a near six-year low, was the major driver behind growth.
. Central bank purchases accelerated in Q3, to an
estimated 132 tonnes, up by 13% year-on-year and more than double the
previous quarter.
. Jewellery fabrication, the largest component of
physical gold demand, posted a 1% decline in Q3.
. India regained its top position as the largest
overall consumer of gold this year through Q3. Total consumption amounted to
642 tonnes year-to-date, with China trailing by 63 tonnes.
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Survey 2015: Q3 Update and Outlook
