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Gold rush

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Business Standard
Last Updated : Aug 17 2013 | 11:25 PM IST
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Gold demand in second the quarter of 2013 totalled 856.3 tonnes, worth $39 billion. Lower prices generated another surge in quarterly jewellery demand, most notably in India and China. Record quarterly investment in gold bars and coins was countered by sizeable outflows from ETFs, as western investors reacted to a seemingly more positive outlook for the US economy and an eventual tapering of quantitative easing

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First Published: Aug 17 2013 | 9:05 PM IST

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