Gold jewellery demand falls

JOHANNESBURG (Mineweb.com) --The value of gold jewellery sales rose to a record $11.4 billion on the back of a higher gold price in the second quarter, but sales volumes fell back as volatility in the price increased.

The World Gold Council said in a recent report on Gold Market Trends that the value of year-on-year jewellery sales increased by 12% in this period, but sales volumes suffered from a spike in price volatility, although some reports suggest that demand may have picked up again in the third quarter.

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