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Q42021 gold demand surges with inflation: World Gold Council

Gold jewellery consumption up 52% in 2021, which raised total annual demand by 10% to 4,021 tonnes

Published Mon, Jan 31, 2022 · 05:50 AM

London

THE demand for gold soared in the fourth quarter of 2021 due to soaring inflation, which helped make up for the precious metal's losses incurred for much of the past 2 years due to the coronavirus pandemic.

In its latest report on gold demand trends, the World Gold Council (WGC) noted that there was a 50 per cent year-on-year surge in the price of gold in the final 3 months of last year.