World Gold Council (WGC) said on Thursday that global gold demand totalled 1,290 tonnes in the first quarter of 2016, up by 21% compared to the same period last year. According to WGC, the rise was mainly driven by higher inflows into exchange traded funds (ETFs). Global demand for jewellery dropped by 19% year-on-year in the first quarter, total bar and coin demand rose by 1%, while central banks' and other institutions' demand fell by 3%. Total supply rose by 5% to 1,135 tonnes in the first quarter.