Global gold demand declined 1% in the third quarter, reaching approximately 1,369 tonnes, as high prices and market uncertainty affected consumer buying patterns, according to a recent report.
The biggest impact was seen in the jewellery segment, where demand dropped 17%. Rising gold prices made jewellery more expensive, leading consumers to reduce their purchases.
However, central bank buying remained strong during the quarter. Central banks added 321 tonnes of gold to their global reserves, showing continued interest in gold as a reserve asset.
Key Highlights:
- Global Gold Demand: Down 1% to 1,369 tonnes.
- Jewellery Demand: Declined 17% due to high prices.
- Central Bank Buying: Added 321 tonnes to global reserves.
The data highlights a mixed trend in the gold market. While high prices are affecting jewellery purchases, central banks continue to increase their gold holdings. Their buying activity and global economic uncertainty will remain important factors for the gold market.
Global gold demand Q3 mein 1% down hokar around 1,369 tonnes par aa gayi. Ek recent report ke according, high gold prices aur market uncertainty ki wajah se consumers gold buying ko lekar cautious ho gaye hain.
Jewellery segment par iska sabse zyada impact pada, jahan demand 17% down rahi. Gold expensive hone ki wajah se consumers ne jewellery purchases kam kar di.
On the other hand, central banks ki gold buying strong rahi. Q3 mein central banks ne apne global reserves mein 321 tonnes gold add kiya.
Key Highlights:
- Global Gold Demand: 1% down to 1,369 tonnes.
- Jewellery Demand: High prices ki wajah se 17% down.
- Central Bank Buying: 321 tonnes gold reserves mein add kiya.
Gold market mein mixed trend dekhne ko mil raha hai. High prices jewellery buyers ko affect kar rahi hain, while central banks continue to increase their gold reserves. Aage gold prices aur central bank buying market ke liye important factors rahenge.