Global demand for gold jewelry has decreased

Global demand for gold for jewelry production fell by about 20 percent, according to the precious metals trade association last year.

The trade association reported weak demand for gold in China, falling by at least 16 percent. At the same time, the gold market in Germany is stable. About half of the gold goes to jewelry, watches and other items. 15 percent of the demand from industry and 30 percent went to the investment community. In the total volume of gold supplies of about 4525 tons in 2016, processing had a share of about 1.280 tons. The recycling percentage increased by ten percent year on year.