Podcast | Covid dents gold demand to 11-year low

BL Internet Desk | Updated on July 31, 2020 Published on July 31, 2020

Gold demand plunged 70 per cent to 11-year low of 64 tonnes in the June quarter against 213 tonnes logged in the same period last year on the back of an unprecedented economic disruption caused by the Covid pandemic.

The previous lowest quarterly demand of 40 tonnes was seen in March quarter of 2009.

Subsequently, jewellery demand decreased 74 per cent to an all-time low of 44 tonnes (169 tonnes) while investment demand plunged 56 per cent to 20 tonnes (44.5 tonnes).

We speak with BusinessLine's Suresh P Iyengar to know more.

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Published on July 31, 2020