World Gold Council 1Q2013 Update

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Gold demand in 1Q2013 was 963 tonnes or $51 billion. Strong demand for gold jewellery, gold bars and coins was offset by significant net outflows in the major gold exchange traded funds (ETF's) as investors sold some of their bullion on the recent price decline. Even the most resilient of gold bulls are struggling to hang on during this difficult market correction. 

The key highlights from the 1Q2013 World Gold Council report were:

  1. Central bank demand exceeded 100T in 1Q2013 for the 7th quarter in a row;
  2. Jewellery demand was strong in India (+27%), China (+20%) and the US (+22%), strong demand in these regions was offset by a decline in demand across Europe (-26%);
  3. ETF investors sold 177T of gold during 1Q2013, a 7% decline year-over-year.

Here are some of the key charts and graphs in the 1Q2013 report:

Quarterly changes in gold demand for jewellery, bars, coins, ETF's and central bank net purchases

Quarterly changes in gold demand for jewellery, bars, coins, ETF's and central bank net purchases

Gold demand overview

Gold demand overview

Gold investment demand by region

Gold investment demand by region

Here is a list of the gold holdings of the top 40 central banks around the world.

Here is a list of the gold holdings of the top 40 central banks around the world.