The rise in demand is partly due to the global downturn, with investors seeing bullion as a safeguard against a weak currency and an unstable economic outlook.
The price per ounce has almost doubled over the last 18 months to just under $1,500 (£928). And despite a dip in its price earlier this month, demand for the rest of the year is expected to remain high. The ongoing European sovereign debt crisis, along with sustained momentum for Chinese and Indian jewellery demand, is expected to play its part. So it’s a golden year for 2011 (if you’re a gold investor anyway).