| China's gold consumption topped 1000 tons on surging demand in 2013, according to China Gold Association. Of the 1176.40 tons which represents an increase of 41.36%--716.50 tons accounted for gold jewelry (an increase of 42.52%), 375.73 tons of gold bullion, an increase of 56.57%, 25.03 tons of gold coins (a decrease of 1.07%), industrial gold 48.74 tons (decline of 0.23%), gold for other uses accounted for 10.40 tons (decline of 32.03%).
China's gold consumption figures do not include demand from the central bank, whose gold reserves stand at 33.89 million ounces (1,054 tonnes), unchanged since April 2009, according to the latest figures on the central bank's website...............................................Full Article: Source
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