Central bank gold demand hit its lowest in nearly six years in the first quarter as Chinese buying dried up, the World Gold Council said in a report on Thursday, feeding into an 18 percent year-on-year drop in overall demand. The official sector added just 76 tonnes of bullion to its holdings in that period, the industry-funded its latest Gold Demand Trends report, down by more than a quarter from a year before and the lowest of any quarter since Q2 2011. 

China, a major official sector buyer of gold in recent years, has held off making any additions to its reserves since October, the first time it has done so since it started releasing quarterly reserves data in 2015.

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