Gold demand

Gold demand refers to the need and desire for gold in various sectors, including jewelry, investment, and industrial applications. Jewelry accounts for a significant portion, as gold is valued for its beauty and cultural significance. Investors seek gold as a safe asset during economic uncertainty, often buying gold bars, coins, or exchange-traded funds (ETFs). Central banks also hold gold to diversify reserves. Additionally, some industries use gold in electronics and medical devices due to its excellent conductivity and resistance to tarnish. Overall, gold's demand is influenced by economic conditions, cultural practices, and technological advancements.