Using daily gold bullion spot prices (London fixing) and COMEX gold futures prices during 1981 through 2010 (30 years), along with contemporaneous stock market index and
gold jewelry demand data, he finds that: Keep Reading
Gold jewelry demand, for instance, grew 10.35 percent year - over-year in 2017.
Not exact matches
WGC research shows that as incomes rise, the
demand for
gold jewelry and
gold - containing technology tends to rise as well.
Gold has a much larger liquid market that is driven mostly by investment and
jewelry demand.
Demand is so strong that Perth Mint brings in
gold from mines in other countries like Papua New Guinea and New Zealand, and
jewelry from South - East Asia that is refined down to the Mint's signature 99.99 percent
gold bullion.
At least with
gold, you have jewelers
demanding it to turn it into
jewelry, and a broader pool of people who are somewhat less jumpy about what the proper exchange rate between
gold and dollars should be.
And the
demand for
gold jewelry rises because of speculation, which in turn increases their sales.
I have no idea what that value would be, but it would set by the market
demand for
gold jewelry and other valuable industrial uses.
The below chart shows that when
gold prices increased (decreased),
jewelry demand decreased (increased):
Considering the current amount of already - mined
gold could satisfy
demand for fifty years (much of it currently sits in bank vaults and in old, unused
jewelry), it is beyond me why we continue to mine more.
Jewelry is an important trading route for
Gold in Punjab, and the
demand is mostly from the rural regions.
Most of the
gold purchases in Punjab are in the form of
jewelry and the rural sections of the state constitute a major portion of this
demand.
To meet the
demand for
gold in Tamil Nadu, there are several
jewelry establishments all over the state.
Southern India has always been the largest consumer of
gold in India because of the widespread
demand for
gold jewelry.
Interestingly Fergal O'Connor, a senior lecturer in Finance at the University of York (my alma mater), stated that a 10 % reallocation from
gold jewelry investment to silver could double world silver
demand, which could cause a drastic change in the silver market.