The world demand for gold fell by 23 percent in the second quarter of 2013

According to the World Gold Council (WGC)), global demand for pure gold in the second quarter of 2013 amounted to $ 39 billion, which was 23 percent less than in the APPG-2012. At the same time, the physical demand for gold in April - June decreased by 12 percent compared to last year and amounted to 856 tons.

The average price of gold in the second quarter of 2013 amounted to 1415 US dollars per troika ounce, which is also 12 percent less than in APPG-2012.

The main reason for the reduction in demand for gold ingots was the outflow of capital from the Exchange Investment Funds of the ETF, partially compensated by the growth of demand for gold products. Demand for gold jewelry increased in the second quarter by 37 percent, to 576 tons from 421 tons in the APPG-2012 and reached the peak level of the third quarter of 2008.

If you add the overall demand for pure gold and gold in products, then its global consumer demand in April - June amounted to 1083 tons, which is 53 percent more than a year earlier.

The central banks of the world purchased 71 tons of gold in the second quarter.

In China, the demand for gold in an annual comparison grew by 157 percent, in India - by 116 percent, to a record level of 122 tons.

World gold mining increased in the second quarter of 2013 by 4 percent, to 732 tons, and its processing decreased by 21 percent.

Recall that the global demand for gold in the first quarter of this year fell 13 percent in an annual comparison of up to 963 tons. In value terms, the demand for gold in the first quarter of 2013 amounted to 50 billion 500 million US dollars, falling 16 percent compared to APPG-2012 and 23 percent compared to the fourth quarter of 2012.