{"id":43893,"date":"2024-07-30T18:00:04","date_gmt":"2024-07-30T18:00:04","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-gold-demand-down-in-q2"},"modified":"2024-07-30T18:27:14","modified_gmt":"2024-07-30T18:27:14","slug":"global-gold-demand-down-in-q2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-gold-demand-down-in-q2","title":{"rendered":"Global gold demand down in Q2"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>The demand for gold excluding the over-the-counter market declined 6% year-on-year in the second quarter of the year to 929 tons, according to the World Gold Council on Tuesday.<\/p>\n

Gold prices were at an average of $2,338 per ounce in the second quarter, up 18% on an annual basis and 13% on a quarterly basis on the London bullion market.<\/p>\n

In May, gold prices reached a record of $2,427 per ounce, as the over-the-counter investments in gold totaled 329 tons.<\/p>\n

At the same time, central bank gold buying went up 6% on an annual basis, accelerating prices upwards in the second quarter.<\/p>\n

The record-high gold prices negatively affected jewelry consumption, and in turn, the 19% annual decline in jewelry consumption to a four-year low of 391 tons pushed gold demand downwards in the second quarter.<\/p>\n

Meanwhile, the global gold exchange-traded fund fell 7 tons in the second quarter, easing from a 21 ton decline in last year\u2019s same quarter.<\/p>\n

Retail bar and coin investment was down 5% due to lessened demand in Western markets.<\/p>\n

At the same time, as the popularity of artificial intelligence (AI) remains prevalent, gold used in technology hiked 11% on an annual basis.<\/p>\n

However, gold demand including over-the-counter market increased 4% year-on-year to 1,258 tons, the World Gold Council said.<\/p>\n

For More News And Analysis About Mauritius Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. The demand for gold excluding the over-the-counter market declined 6% year-on-year in the second quarter of the year to 929 tons, according to the World Gold Council on Tuesday. Gold prices were at an average of $2,338 per ounce in the second quarter, up 18% on an annual basis and 13% on […]<\/p>\n","protected":false},"author":84,"featured_media":43892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[3841,241,3842],"class_list":["post-43893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-gold-demand","tag-mauritius","tag-world-gold-council"],"yoast_head":"\nGlobal gold demand down in Q2 - Mauritius<\/title>\n<meta name=\"description\" content=\"The demand for gold excluding the over-the-counter market declined 6% year-on-year in the second quarter of the year to ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-gold-demand-down-in-q2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global gold demand down in Q2\" \/>\n<meta property=\"og:description\" content=\"The demand for gold excluding the over-the-counter market declined 6% year-on-year in the second quarter of the year to ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-gold-demand-down-in-q2\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-30T18:00:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-30T18:27:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/07\/sm_1722347654.865282.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-gold-demand-down-in-q2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-gold-demand-down-in-q2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Global gold demand down in Q2\",\"datePublished\":\"2024-07-30T18:00:04+00:00\",\"dateModified\":\"2024-07-30T18:27:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-gold-demand-down-in-q2\"},\"wordCount\":217,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-gold-demand-down-in-q2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2024\/07\/sm_1722347654.865282.jpg\",\"keywords\":[\"gold demand\",\"Mauritius\",\"World Gold Council\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-gold-demand-down-in-q2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-gold-demand-down-in-q2\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/global-gold-demand-down-in-q2\",\"name\":\"Global gold demand down in Q2 - 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