New Delhi, June 3 -- Globally, central bank gold buying experienced a slowdown in April, according to the latest data from the World Gold Council (WGC).

The WGC indicates that central banks added a net of 12 tonnes to their reserves during the month. This figure represents a 12% decrease compared to the previous month's purchases and falls below the 12-month average of 28 tonnes.

This deceleration in net purchases marks the second consecutive month where the rate of accumulation has slowed. Analysts suggest that this trend could be partly attributed to the significant appreciation in the price of gold observed since the beginning of the year, with gold reaching multiple record highs in recent months.

While WGC "still expect overall buy...