The World Gold Council’s report indicated that consumer demand for gold in Vietnam in the second quarter of 2022 reached 14 tonnes, up 11 percent on-year. During the period, demand for gold bars and coins was estimated at 9.6 tonnes, up 5 percent on-year. Meanwhile, demand for jewellery was 4.5 tonnes, up 28 percent on-year.
A gold shop in Vietnam
Andrew Naylor, head of ASEAN and Public Policy of the World Gold Council, attributed Vietnam’s higher gold demand to people’s worry about rising inflation and the weakening Vietnamese Dong.
The World Gold Council added that the global demand for gold was 2,189 tonnes, up 12 percent against the same period of last year.
