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ETF(AUM)US$80,719m 
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Demand and supply statistics

Gold Demand and Supply – Q1 2013

Q1 saw a strong resurgence in demand for gold jewellery, bars and coins; however, overall demand was down 13%. Outflows from ETFs accounted for the bulk of this decline; excluding these outflows overall demand grew year-on-year.

  • Global first quarter gold demand of 963.0 tonnes was valued at US$50.5bn.

  • India and China accounted for 62% of Q1 global jewellery demand, generating year-on-year growth of 15% and 19% respectively.

  • Global jewellery demand of 551t was worth a record US$28.9bn, surpassing the previous quarter's record.

  • Q1 ETF outflows of 176.9t, equating to a 7% decline in total gold ETF holdings obscured the strong rise in investment for gold bars and coins at the retail level.

  • Chinese demand in gold bars and coins grew to 109.5t, and more than double the five-year quarterly average of 43.8t.

  • Demand for gold in the technology sector declined by 4% year-on-year to 102.0t. In value terms, demand was 7% lower at US$5.4bn. The sector contracted on further losses in bonding wire and continued erosion of dental demand.

  • Central banks added 109.2t of gold to their reserves in Q1 2013, the ninth consecutive quarter of net purchases. The sector accounted for 11% of demand in the first quarter, worth a value of US$5.7bn.

  • At 1,051.6t, total gold supply was little changed in the first quarter. Mine production in Q1 2013 generated 688.0t of supply, 4% more than Q1 2012.

Read more about Gold Demand Trends in our detailed report, which also includes commentary on supply.

Press release: Gold Demand Trends Q1 2013 press release

Data on the supply and demand for gold are compiled by Thomson Reuters GFMS. The company provides a number of tables exclusively for the World Gold Council. The following table shows a summary of gold demand. Links to more detailed tables, and to notes and copyright information, are given below. Please note the restrictions on disseminating these data.

Demand and supply statistics files

End-use demand (tonnes) This provides details of jewellery demand, technology fabrication, official sector purchases and all categories of investment which are statistically identifiable.
End-use demand ($m) Similar information in US dollars.
Supply and demand (tonnes) In addition to a summary of demand information this also shows the categories of supply: mine output, net hedging or de-hedging by mining companies and recycled gold.

Gold Demand 

Demand table

Demand table - click to enlarge

1Provisional.
2Percentage change, 12 months ended March 2013 vs 12 months ended March 2012.
3Exchange Traded Funds and similar products including: Gold Bullion Securities (London), Gold Bullion Securities (Australia), SPDR® Gold Shares (formerly streetTRACKS Gold Shares), NewGold Gold Debentures, iShares Comex Gold Trust, ZKB Gold ETF, GOLDIST, ETF Securities Physical Gold, ETF Securities (Tokyo), ETF Securities (NYSE), XETRA-GOLD, Julius Baer Physical Gold, Central Fund of Canada and Central Gold Trust, Swiss Gold, iShares Gold Bullion Fund (formerly Claymore Gold Bullion ETF), Sprott Physical Gold Trust, ETF Securities Glitter, Mitsubishi Physical Gold ETF, CS ETF II (formerly Credit Suisse Xmtch) and Dubai Gold Securities.

Source: Thomson Reuters GFMS, Thomson Reuters Datastream, World Gold Council

© Copyright 2013 World Gold Council and Thomson Reuters GFMS. All rights reserved.

Data on the supply and demand for gold is compiled by Thomson Reuters GFMS. The company provides a number of tables exclusively for the World Gold Council. Please refer to the notes and copyright information for details regarding the restrictions on disseminating these data. Thomson Reuters GFMS should be contacted for further information or for historical data. In addition, certain data is available on Bloomberg

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