Gold sales recorded a world record of 57.7 billion dollars

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World Gold Council expected to achieve the size of the global demand for gold increased by 6% during the third quarter of this year, at 991.1 tons over the same period of 2010.

The value of gold sold globally this year, set a new record total of $ 57.7 billion, up to the highest value registered by him in the previous quarter, which amounted to 45.7 billion dollars, according to forecasts gold prices of 2012.

The average quarterly gold price by 39% from levels a year earlier, bringing the price of the ounce (an ounce) to 1702.12 dollars, while the price of gold hit a new record of $ 1.895,00 in the fifth and sixth of September.

The total global investment demand by 468.1 tons since the start of the current quarter, an increase of 33% from its level in the same period of 2010 who scored a 352.1 tons.

The high prices to record the value of a record $ 25.6 billion, representing about twice the value of which amounts to $ 13.9 billion during the third quarter of 2010.

In value terms, the demand for bullion coins in the third quarter of 2012 reached $ 21.4 billion compared to $ 12.0 billion in the third quarter of 2010.

Has seen investment funds in gold negotiable and similar products flow reached 77.6 tonnes in the third quarter of 2012, beyond the levels of the previous year, which amounted to 49.1 tons by about 58%.

According to the forecast gold prices for the current year, decline in global demand for gold jewelry by 10% from its level in the same period of last year’s record 465.6 tonnes compared to 518.9 tonnes.

In value terms, the order book value of the quarterly record of 25.5 billion U.S. dollars, up by about 24% for the third quarter of 2010 which recorded $ 20.5 billion.

In the gold price forecast for the current year, has shown the demand for gold in the global technology sector, despite the great flexibility of market conditions that pose a challenge, and levels were stable compared to levels is in the same period of last year’s record 120.2 tons.

In value terms, record demand from the electronics sector reached a new record value of 4.8 billion dollars.

The net purchases of 148.4 tons, central banks where they continued to increase its share of gold reserves as a percentage of the total.

The volume of the supply of gold in the third quarter of 2012, 1.034.4 tons, an increase of 2% on the levels of the previous year.

According to the forecasts prices of 2012, mine production increased by about 5% to 746.2 tonnes compared to 710.9 tons during the third quarter of 2010.

Despite the record prices recorded during the quarter, the activity of recycling distinguish the relative moderation; where she presented the process of recycling gold 426.5 tons of gold supply over the third quarter of 2012, an increase of 13% over the same period the previous year after it was 379.1 tons.