Overall demand in 2022 was the highest in over a decade, the World Gold Council has said Gold buying, which dipped during the Covid-19 pandemic, gained momentum in 2022, with demand soaring 18% against the previous year, the World Gold Council (WGC) said on Tuesday. According to the group, consumption last year hit 4,741 metric tons, the highest yearly total since 2011. The WGS also said that global central banks increased gold buying in the second half of the year, adding a staggering 1,136 tons of the metal worth some $70 billion to their stockpiles, up from only 450 tons the year before. This took annual buying
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