* Gold demand surges to 1,290 T in Q1 as prices rally
* Jewellery consumption slides in China, India
* Central bank buying reaches weakest since Q3 2013
By Jan Harvey
LONDON, May 12 (Reuters) - Surging inflows into gold-backed
exchange-traded funds drove global gold demand to its highest
first-quarter total on record this year, despite a near 20
percent drop in jewellery buying, the World Gold Council said on
Thursday.
Demand hit 1,290 tonnes in the period, the WGC said in
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