Global gold demand drops 6 pc in Q2 2024 due to slump in jewellery consumption, OTC investment pushes total to record high

New Delhi [India], August 3 (ANI): Global gold demand in Q2 2024, excluding over-the-counter (OTC) transactions declined by 6 per cent year-on-year (y/y) to 929 tonnes, primarily due to a sharp fall in jewellery consumption according to the latest report of World Gold Council.

However, when including OTC investment, total gold demand increased by 4 per cent y/y to 1,258 tonnes, marking the highest Q2 figure since data col