The global demand for investment gold reached 582.9 metric tons in the second quarter of 2020, an almost 100 percent jump year-on-year, according to data presented by AksjeBloggen.com.
In 2016, the global gold demand amounted to 4,309 metric tons, revealed Statista and the World Gold Council data. By the end of 2019, this figure rose to 4,356 metric tons, and investment gold accounted for 30 percent of that amount. Worldwide gold jewelry demand volumes reached 2,118 metric tons last year. Central banks and technology followed with 648 and 326 metric tons, respectively.
However, statistics indicate the global demand for investment gold continued rising amid the COVID-19 outbreak, while the demand for gold used for technology and jewelry purposes dropped significantly.
In the second quarter of 2020, the global gold jewelry demand amounted to 251.5 metric tons, a 52 percent plunge year-on-year. Demand for gold used in technology dropped by 17 percent to 66.6 metri
