Buyers and Sellers of Gold | BullionBuzz Chart of the Week

Source: World Gold Council; BMG Group Inc.

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Gold demand of 973.5t was the lowest Q1 since 2008. The main cause was a fall in investment demand for gold bars and gold-backed ETFs, partly due to range-bound gold prices. Jewellery demand was steady at 487.7t, as growth in China and the US compensated for weaker Indian demand.

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