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Gold demand touches record $53.6 bn in 2005

27
Feb '06
Consumers and investors pushed demand for gold to a record level of $53.6 billion in 2005, according to figures published by the World Gold Council (WGC), with all categories of demand (jewellery, industrial and investment) recording double-digit year-on-year growth in dollar terms.

• 2005 demand for gold hits record of $53.6 billion

• 26 percent rise in investment demand in tonnage terms in 2005

• Jewellery demand 14 percent higher in $ terms than 2004 despite the impact of a volatile price in Q4

• Net inflows into Exchange Traded Funds totalled 203 tonnes or $3 billion

Identifiable investment demand totalled 600 tonnes in 2005, a 26 percent rise on the previous year, whilst jewellery demand rose 5 percent (2,736 tonnes) and industrial demand by 2 percent (419 tonnes).

It was also a record year in dollar terms for total consumer demand (3,132 tonnes) which includes both retail investment and jewellery.

Click to view more details

The World Gold Council (WGC), a commercially-driven marketing organisation, is funded by the world's leading gold mining companies.

A global advocate for gold, the WGC aims to promote the demand for gold in all its forms through marketing activities in major international markets.

World Gold Council


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