{
  "id": 61771,
  "title": "Indonesia gold demand exceeds Thailand, Vietnam combined",
  "url": "https://urgent.news/2026/08/02/indonesia-gold-demand-exceeds-thailand-vietnam-combined",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-02T22:29:00.000Z",
  "source": {
    "name": "VnExpress Business",
    "slug": "vnexpress-business",
    "url": "https://e.vnexpress.net/news/business/markets/indonesia-gold-demand-exceeds-thailand-vietnam-combined-5103783.html"
  },
  "original_language": "en",
  "account": "Indonesia's gold demand has surpassed the combined figures of Thailand and Vietnam, according to the World Gold Council's second quarter report. The Southeast Asian nation led the region with 14.5 tonnes of gold sales in Q2 alone, marking the highest sales in the region. The World Gold Council attributed this surge to currency weakness and concerns over the domestic economic outlook, emphasizing gold's role as a store of value.\n\nIndonesia's bullion ambitions were formalized earlier this year with the introduction of a bullion system roadmap, a strategic initiative to bolster the national bullion ecosystem and support downstream gold sector development.\n\nHowever, Indonesia's gold jewelry demand declined by 10% year-on-year to 3 tonnes, reflecting a thirteenth consecutive year-on-year decrease. Consumers, facing economic challenges, are increasingly opting for lower-purity jewelry.\n\nSoutheast Asia, including Indonesia, Malaysia, Singapore, Thailand, and Vietnam, recorded a total of 36.7 tonnes in gold bar and coin sales during the second quarter, marking a 7.6% year-on-year increase. Despite this regional growth, global gold bar and coin sales dropped by 3% to 307.1 tonnes.\n\nLouise Street, a senior markets analyst at the World Gold Council, suggested that bullion investment could fuel growth in the second half. She noted, however, that the demand mix might shift, with over-the-counter activity and demand from Asian investors likely to gain prominence. Western gold exchange-traded fund interest, on the other hand, may become more sensitive to real yields, U.S. monetary policy expectations, and the dollar.",
  "summary": "Indonesia’s gold bar and coin sales reached 38.1 tonnes in the first half this year, higher than the combined figure of Thailand and Vietnam (36.5 tonnes), latest data shows.",
  "key_points": [
    "Indonesia's gold demand exceeds combined Thailand and Vietnam sales",
    "14.5 tonnes of gold sales in Q2, highest in the region",
    "Bullion system roadmap introduced to support gold sector development"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "VnExpress Business",
        "title": "Vietnam only Southeast Asian country with declining gold demand in Q2",
        "url": "https://urgent.news/2026/08/03/vietnam-only-southeast-asian-country-with-declining-gold-demand-in-q2",
        "published": "2026-08-03T03:05:47.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}