Commodity Trade Mantra

Posts Tagged ‘Physical Gold Purchases’

Physical Gold Demand Drops But Gold Prices Soar

Gold prices are looking strong again this week. But the most surprising finding is that physical gold demand was incredibly weak during the first quarter of this year. With overall physical buying down 23.8% as compared to Q1 2015 to 781 tonnes, down from 1,025 tonnes last year. While India’s physical gold purchases dipped 65%, China’s buying dropped 27.3% YoY.

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