Askketul: Gold Demand Stats and Data Q2, 2011

Here are some interesting status and data for Gold Demand.

On count of volume, global gold demand in the second quarter of 2011 stood at 919.8 tonne in comparison to 1107 tonne in Q2 2010. Demand has reduced by 17% from
In terms of value, gold demand grew by 5%. In Q2, 2010 value of Gold purchase was USD 42.64 bn and now it is USD 44.5 bn. year-on-year reaching US$44.53 bn up from US$42.6bn in the second quarter of 2010.
Average gold price rose by 26% on quarterly basis. This quarter gold price has reached USD 1506.13
Q2 2010 has seen unprecedented demand of 574.2 tonne. Q2 2011, the demand is reduced to 359.4 tonne which is 37% lower on year on year basis.
ETFs witnessed solid net inflows of almost 51.7 tonne during the second quarter of 2011, which compared well to the previous 12 quarters (excluding two record peaks) where ETF inflows have averaged 41.4 tonne.
Investment in gold bars & coins reached 307.7 tonne in Q2 2011 with rise of 9% on year on year basis again 282.6 tonne in Q2 2011.
Jewellery demand in the Q2 2011 was 442.5 tonne. It is 6% more on year on year basis.
India, China & Turkey are accounted for nearly 60% demand of global jewellery demand in Q2 2011
The highlighted dip in case of Gold has come from Gold Supply. It has declined by 4 % in 2010 and stood at 1058.7 tonne in Q2, 2011. The main reason for dip is net purchasing by Central banks
Central banks’ purchase has increased 4 times in comparison to Q2 2010.

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