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Gold demand down 18% YoY

Global gold demand in the March quarter was 1,034.5t, according to the World Gold Council (WGC). The result represented an 18% fall against the corresponding period last year, though that was the strongest ever first quarter as gold led the commodities sector out of a multi-year funk following what many termed the 'supercycle'.

Gold demand down 18% YoY Gold demand down 18% YoY Gold demand down 18% YoY Gold demand down 18% YoY Gold demand down 18% YoY

The wedding season in India helped jewellery demand

Gold-backed ETFs put in what the WGC described as a "solid" quarter, with 109.1 tonnes of inflows, concentrated in Europe.