World Gold Council: Global official gold reserves increased by a total of 166 tons in the second quarter.

Jin10 Data, July 31 - The World Gold Council states that Central Banks remain an important pillar of global gold demand across various economies, with global official gold reserves increasing by a total of 166 tons in the second quarter. Although the pace of gold purchases has slowed, the outlook for Central Bank demand for gold remains optimistic. The demand for gold jewelry and consumption amounts continue to show a divergence: in most regions, the demand for gold jewelry by tonnage has decreased year-on-year, with a sluggish performance almost reverting to levels seen during the pandemic in 2020; however, the consumption amount for gold jewelry has generally increased.