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China to beat India as biggest gold user

Posted on 13 August 2013

China will overtake India to become the biggest gold consumer this year as its bullion consumption jumped 54 percent in the first six months from a year earlier, according to the China Gold Association.
Gold consumption, including jewelry, bars, coins and industrial use, totaled 706.4 tons in the first half, up 246.8 tons from a year ago. Jewelry consumption rose 43.6 percent to 383.9 tons while that for bullion bars soared 86.5 percent to 278.8 tons, the association said……………………………………….Full Article: Source


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