Global gold demand hits record highs, supporting rising prices in Q2

Gold bar and coin demand in Vietnam in the second quarter of this year (Q2) jumped 30% year-on-year to 12 tonnes, the World Gold Council’s Q2 2024 Gold Demand Trends report has revealed.

Vietnam’s gold demand impacted by global economic trends in 2023

The World Gold Council’s Gold Demand Trends report reveals that annual gold demand (excluding over-the-counter) fell to 4,448 tonnes in 2023, down just 5% from a notably strong 2022.

Economic difficulties push gold demand down

In its recent report, the World Gold Council said demand for gold in Vietnam shrank 9% in the second quarter year on year due to the economic difficulties.

Vietnamese’s gold demand more than tripled in Q3

Vietnamese’s gold demand was estimated to total 12 tonnes of jewellery, bars and coins in the third quarter of this year, representing a rise of 264% year-on-year, according to the latest report by the World Gold Council.
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