Gold Market To Remain Positive For Next 3 Decades: World Gold Council

With China expected to be the largest global economy by 2048, and India following its footsteps, the prospects for gold market will remain relatively positive for next three decades, the World Gold Council (WGC) said in a report. Jewellery accounts for around 50 per cent of gold demand and this will be supported by persistent economic growth and a greater proportion of middle-class consumers in emerging market economies, particularly China and India, the two largest purchasers of gold today, WGC said in its report, Tackling long-term global investment challenges April 2018.

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Suhani Verma

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