World Gold Council (WGC)

Subject – IR

Context – Imports made up 86% of gold supply in 2016-20, says WGC

Concept –

The World Gold Council is the market development organisation for the gold industry.
Its purpose is to stimulate and sustain demand for gold, provide industry leadership, and be the global authority on the gold market.
It is a non-profit association of the world’s leading gold producers.
Headquartered in London, the WGC covers the markets which comprise about three-quarters of the world’s annual gold consumption.
It is a market development organization for the gold industry which includes 25 members and many gold mining companies as well.