Demand in the jewellery sector was down 2.0% to 448.8t compared to 458.0t in the same quarter in 2011.
LONDON(BullionStreet): "World Gold Council (WGC) said average gold price during third quarter this year was $1652 an ounce as gold demand dropped to 1,084.6 tons, down 11.0% in comparison to Q3 2011.
"In it's Q3 2012 Gold Demand Trends report, WGC said the average gold price of $1,652/oz was down 3% on the record average Q3 2011 price.
"Value measure of gold demand was 14.0% lower year on year at $57.6bn while investment demand (the sum of ETFs and total bar and coin demand) was 429.9t, down 16% compared to the same quarter last year, but was 23% above the five year average. ..."