According to industry body the World Gold Council’s (WGC's) Gold Demand Trends report for the first quarter, continued momentum in central bank buying and resurgent Chinese consumer demand contrasted with a negative contribution from exchange-traded funds (ETFs) and weakness in India during the period. First-quarter gold demand (excluding over-the-counter, or OTC) was 13% lower year-on-year, at 1 081 t.
