Gold demand record high in Turkey

The council stated that India, China and Turkey constituted 59 percent of global jewelry demand in the second quarter of 2011.

Gold demand record high in Turkey

The gold demand in Turkey increased seven percent to 17.4 tons, and reached a record high level in the second quarter of 2011.

In same period, the investment demand rose 144 percent to 13.6 tons which was the strongest growth rate, according to World Gold Council figures.

The council stated that India, China and Turkey constituted 59 percent of global jewelry demand in the second quarter of 2011.

The council calculated the global gold demand as 919.8 tons in the second quarter of 2011. The record high demand reached 44.5 billion USD. Global gold demand had been 1,107 tons in the second quarter of 2010 which showed a 17 percent drop in the same period of 2011.

The World Gold Council is the market development organization for the gold industry. Working within the investment, jewellery and technology sectors, as well as engaging in government affairs, its purpose is to provide industry leadership, whilst stimulating and sustaining demand for gold.

The Council develops gold-backed solutions, services and markets, based on true market insight.

Based in the UK, with operations in India, the Far East, Turkey, Europe and the USA, the World Gold Council is an association whose 22 members comprise the world's leading gold mining companies, representing approximately 60 percent of global corporate gold production.

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Last Mod: 18 Ağustos 2011, 15:48
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