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Retail News

Coronavirus Causes First Quarter Gold Jewelry Demand To Plunge 39%

9 months ago
by jewelerssuite
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The global novel coronavirus pandemic has caused first quarter year-on-year demand for gold jewelry to plummet by 39% to 325.8 tons, a record low for the quarterly Global Demand Trends report by the World Gold Council (WGC). Rising prices for the precious metal fueled by safe-haven investment, and a shuttered retail and manufacturing environment were credited with the drastic decline.

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Gold dips as risk appetite improves amid easing lockdowns
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