Global demand for gold in 2011
rose to 4,067.1 tonnes (t) worth an estimated
US$205.5 billion - the first time that global demand has exceeded US$200
billion and the highest tonnage level since 1997, the World Gold Council said
The main driver for this increase was the investment sector where annual
demand was 1,640.7t up 5% on the previous record set in 2010 and with a value
of US$82.9 billion.
The pre-eminent markets for investment demand in 2011 were India, China and
Europe. Central banks continued the trend established in 2010 of being net
buyers of gold.
Marcus Grubb, WGC Managing
Director, Investment said: “What we can see from these 2011 figures is
that there were two main factors driving the results: Asian growth and
optimism on the one hand and western desire to protect assets against
uncertainty on the other."
Gold Demand Trends Full Year 2011