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Less bullish on bullion: Gold bar demand dives

Posted on 08 May 2014

China’s gold consumption in the first quarter of 2014 eased significantly from last year mainly because of reduced demand for gift-related gold bars, experts said on Tuesday.
In the January-March period, gold consumption was 322.99 metric tons, rising 2.45 tons or 0.76 per cent year-on-year. Gold jewelry purchases jumped 30.2 per cent to 232.53 tons, while gold bar consumption slumped 43.56 per cent to 67.95 tons, the China Gold Association said………………………………………..Full Article: Source


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