(Ecofin Agency) - The world demand for gold reached 1120.9 tons during the 3rd quarter 2015, an increase of 8% compared to the same period in 2014, according to a report from the Gold World Council (GWC) published on 12 November.

The increase in the demand is mainly justified by the low price levels for this precious metal during the period under review, the organisation which gathers the main world gold producers added.

The increase in the demand for the metal was pushed by jewellery stores as well as coins and ingots buyers. Central banks did not request for as much gold and exchange-traded funds (ETF) based on gold did not generate interest.

The price factor, traditionally followed on Asian and Middle Eastern markets, spread over the period to Northern America and in a lesser way, to the Europe, according to GWC.