Gold jewellery purchases fell by 32 per cent and 12 per cent in India and China, respectively in the third quarter. Photo: Winson Wong

Gold ETF investors more than make up for jewellery buyers put off by rising prices

  • Global jewellery gold purchases fell 16 per cent year on year in the third quarter to 460.9 tonnes, the lowest since the second quarter of 2010
  • Overall investment demand jumped 110 per cent to 408.6 tonnes, as net inflows into ETFs amounted to 258.2 tonnes.
Topic |   Investing

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Gold jewellery purchases fell by 32 per cent and 12 per cent in India and China, respectively in the third quarter. Photo: Winson Wong
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Eric Ng

Eric Ng

Eric joined the SCMP in 1998 after brief stints in a trading company and translation and editing roles at Dow Jones and Edinburgh Financial Publishing. He has close to 20 years of experience covering China's energy, mining and industrial materials sectors, and has recently added biotechnology to his coverage. Eric has a Masters of Business Administration degree.