Increased Bar and Coin Demand Resulted in Gold Demand Growth According to Merchant Research & Consulting, Ltd.
LONDON – Q1 2011 showed that gold demand reached 981.3 tonnes which is 11% higher than the last year. The main reason for the increase is widespread rise in demand for bars and coins, supported by growth of jewellery demand in key markets including China and India.
Gold prices have been increasing for 8 consecutive years reaching the highest level in 2011 ($1,386.27 (£855) per oz). Demand for gold as an investment grew by 26% in Q1, hitting 310.5 tonnes. Again, the main growth came from bar and coin demand which increased by 52% year-on-year, to 366.4 tonnes. However, in terms of supply, the first quarter of the year has seen a deline of 4% year-on-year to 872.2 tonnes due to a sharp increase in net purchasing by the official sector and a fall in the supply of recycled gold.
Detailed review and forecast on global, regional and country markets of gold can be found in the new market research report “Gold Market Review” that covers present situation, historical background and future forecast and addresses comprehensive data showing gold capacities, production, consumption, trade statistics, and prices in the recent years are provided (globally, regionally and by country).
Report Details:
Gold Market Review
Published: January, 2011
Pages: 59
The report also indicates a wealth of information on gold producers and suppliers, covers gold production in the respective country, major gold producers, gold consumption in the country market, gold trade in the country, gold prices. Gold market forecast for next five years, including market volumes and prices is also provided.
The study on gold has been completed by Merchant Research & Consulting Ltd, an internationally recognized market research agency, specializing in chemical industry. “Gold Market Review” is included into the catalogue “Metals”, which also highlights Aluminum, Boron, Copper, Iron and Steel, Lead, Magnesium, Mercury, Silver, Titanium, Zinc markets.
Monthly report updates for “Gold Market Review” are available at http://mcgroup.co.uk/periodicals/monthly
CONTACTS
Merchant Research & Consulting Ltd.
Julia Hill, Sales Manager
Tel: +44 20 7558 8740
Fax: +44 (20) 7900-3970
E-mail: j.hill@mcgroup.co.uk
