The demand stood at 1,038 tonnes in Q2 of 2014, the WGC Gold Demand Trends report for Q2 of 2015 showed.
However, demand in Europe and US grew, driven by a mixture of increasingly confident jewellery buyers and strong demand for bars and coins, the report added.
"It's been a challenging market for gold this quarter, particularly in Asia, on the back of falls in India and China. The reverse is true for western jewellery markets, as increased economic confidence led to continued growth in consumer demand," WGC Head of Market Intelligence Alistair Hewitt said.
He said investment demand for the quarter remained muted, given the continuing recovery in the US economy and booming stock markets in India and China during the quarter.
The overall jewellery demand was down 14 percent at 513 tonnes, from 595 tonnes in 2014, due to fall in consumer spend in Asia, the report said.


Latest News  from Business News Desk