Commodities Buzz: Global Physical Gold Demand Marks 10% Increase In 2017

Total global physical gold demand increased 10% year-on-year in 2017 to 3,988 tonnes, the first annual increase since 2013, led by an increase in jewellery fabrication. According to GFMS Gold Survey 2018, jewellery fabrication rose 13% on the year to 2,214t, mainly due to a 58% increase in demand from India as the market stocked up before the good and service tax, according to media reports.