Unearthed Podcast
World Gold CouncilUnearthed: How ETF Inflows Are Shaping Gold Demand in 2025
In this episode of Unearthed, hosts John Reade and Joseph Cavatoni, Senior Market Strategists at the World Gold Council, discuss the highlights from the Q1 Gold Demand Trends Report.
Louise Street
Senior Markets Analyst World Gold CouncilTrevor Keel
Consultant World Gold CouncilYou asked, we answered: How important is AI for gold demand?
With gold being a vital component of many of today's electronic devices, we look at the growth of Artificial Intelligence as an important emerging area of demand.
Ray Jia
Research Head, China World Gold CouncilChina’s gold market in October: wholesale demand weakened, gold reserve rose
The LBMA Gold Price AM in USD and the Shanghai Gold Benchmark PM (SHAUPM) in RMB bounced higher, both recording the strongest monthly gains since March. The local gold price premium fell from its record high, possibly driven by weaker gold demand during the month.
World Gold Council
The experts on goldWhen is a good time to buy gold in Australia?
Determining the value of gold can at times make potential investors hesitant. Unable to judge what the price might do, reduces confidence in making an informed decision. Recently, gold in Australian Dollars (AUD) reached its highest ever price and breached A$3,000. While dipping slightly by the end of the first half of 2023, when is the right time to buy, or even increase, a gold allocation into a portfolio?
Ray Jia
Research Head, China World Gold CouncilChina’s gold market in June: wholesale demand stable and gold reserves up
Despite June weakness, the LBMA Gold Price AM in USD and the Shanghai Gold Benchmark PM (SHAUPM) in RMB ended the first half of 2023 higher by 5% and 9% respectively – the depreciation of RMB against the dollar over the period contributed to the significant difference.
Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral bank buying strengthens in June
Last week we published our updated central bank gold statistics to include data reported for June. This new information shows that central banks added a net 59t to global gold reserves during the month.
Mukesh Kumar
Former Senior Analyst, India World Gold CouncilIndia’s gold market in May: retail demand improved and imports jumped
Retail demand remained strong y‑o‑y during the first three weeks of May due to robust Akshaya Tritiya sales, wedding demand and the lower base period of 2021. But demand softened during the last week of the month due to a higher gold price and fewer auspicious marriage dates.
Louise Street
Senior Markets Analyst World Gold CouncilConsumer strength offset ETF outflows in Q1
Our latest Gold Demand Trends report was released last week, explaining in detail developments in the different elements of global demand in Q1 2021.Ray Jia
Research Head, China World Gold CouncilChinese commercial banks’ retail gold business in 2019: investment demand up, physical gold sales down
We explore the drivers behind the changes in banks’ main retail gold businesses, with a more detailed analysis to follow in the near future.Krishan Gopaul
Senior Analyst, EMEA World Gold CouncilCentral banks demand creeps higher in February
In February, central banks bought a net 36 tonnes (t) of gold, almost a third higher than January’s net purchases, but 52% lower y-o-y. This brings y-t-d net purchases to 64.5t, 44% lower than the 116.1t of net purchases over the first two months of 2019.
Juan Carlos Artigas
Global Head of Research World Gold CouncilPotential impact of the coronavirus on gold
It’s been less than two months since the 2019 novel coronavirus (COVID19) was first reported in China, and a recurring question we hear from investors is: ‘How might gold react to an epidemic like this?’World Gold Council
The experts on goldWebinar: Gold Demand Trends Q4 and FY 2019
Watch today's Gold Demand Trends webinar, where we discussed the drivers of gold demand from Q4 and FY 2019.
Ray Jia
Research Head, China World Gold CouncilChina’s wholesale physical gold demand rose further in December
Gold prices rebounded in December, concluding 2019 as the best year for CNY-denominated gold in nine years.Alistair Hewitt
Former Head of Market Intelligence World Gold CouncilWebinar: Gold Demand Trends, Q3 2019
Watch today’s Gold Demand Trends webinar where we discussed the key shifts in gold demand during Q3 2019 as the price reached a six-year high.
Mukesh Kumar
Former Senior Analyst, India World Gold CouncilHigher prices and custom duty dampened Indian demand in July
- Indian gold imports reached just 37.7t in July 2019 – 49% lower than the same month last year
- The domestic gold price was 2.3% higher in July compared to June; 23% higher y-t-d
- The custom duty on gold was unexpectedly raised by 2.5% in the Union Budget on 5th July
- With elevated domestic gold prices and a higher custom duty, the discount in the local gold market reached a peak of US$28/oz in July
- Volatile prices and weak physical demand encouraged healthy gold futures trading on MCX: volumes touched a high of 46.8t in July
Alistair Hewitt
Former Head of Market Intelligence World Gold CouncilComing soon: monthly blog posts on India and China
We will soon be launching two regular blog posts– monthly updates on India and China by Mukesh and Ray, our analysts in Mumbai and Shanghai. These monthly posts will provide a snapshot of the health of these two global heavyweights, which together account for around half of annual global consumer demand.
Mukesh Kumar
Former Senior Analyst, India World Gold CouncilIndia’s gold import duties rise
Summary
- On 6th July, India’s gold import duty increased from 10% to 12.5% as part of a revenue-raising budget
- We believe it will have a negligible long-term effect on gold demand
- We think it may be a temporary measure: when the government’s books are in better shape we may see some of these tax increases rolled back
- The market will be supported by other government initiatives, including the structural reforms such as the India Gold Spot Exchange and plans to boost rural incomes
