UK gold demand up 10% in 2013 to 23.4 tonnes

London (Feb 18)  Full-year gold demand for 2013 has shown a positive end to the year for the jewellery sector, with the largest volume increase in jewellery demand for 16 years as consumers across the globe reacted to lower gold prices.

Overall, gold demand from consumers and investors increased 21% in 2013 according to the latest gold demands trend report for Q4 2013 and the full year 2013, released today by the World Gold Council (WGC).

In the UK, gold demand for jewellery increased 26% to 13.9 tonnes in Q4 2013, while the total gold demand for jewellery for the full-year 2013 hit 23.4 tonnes, up 10% compared to 2012, with a total value of $1.01 billion (£606m).