Q1 saw gold demand of 815.7t. Strengthening consumer demand mitigated the impact of ETF outflows as global economies continued to recover Q1 gold demand (excluding OTC) was 815.7t, virtually on a par with Q4 2020, but down 23% compared with Q1 2020.
While the average gold price in Q1 was 13% higher y-o-y, it declined by 4% q-o-q.1 The opportunity to buy at lower prices, relative to the highs seen last year, boosted consumer demand, particularly as many markets continued to emerge from lockdown and economic recovery lifted sentiment.
While the average gold price in Q1 was 13% higher y-o-y, it declined by 4% q-o-q.1 The opportunity to buy at lower prices, relative to the highs seen last year, boosted consumer demand, particularly as many markets continued to emerge from lockdown and economic recovery lifted sentiment.
Thus Gold will remain in bullish trend for the remainder of the year as a base price of 44000 has been established and you can get into the Gold with an investment and appreciation perspective.
Alternatively make use of the MCX gold tips in intraday trading and start making money like pro traders in the commodity market.
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