Home Page | Photos | Video | Forum | Most Popular | Special Reports | Biz China Weekly
Make Us Your Home Page
Most Searched: Xi Jinping   Spring Festival  Moon rover  ADIZ  Third plenary session  

China overtakes India as top gold consumer

English.news.cn   2014-02-23 14:42:56

 Consumers wait in a line to check out at a gold jewellery shop in Nanjing, capital of east China's Jiangsu Province, April 18, 2013. (Xinhua File Photo)

BEIJING, Feb. 23 (Xinhua) -- China overtook India as the world's largest gold consumer for the first time in 2013, official data showed.

China's gold consumption hit 1,176 tonnes in 2013, up 41.4 percent, as declining gold prices enticed buying, according to the Ministry of Information and Technology (MIIT).

The precious metal fell 26 percent last year from 1,670 U.S. dollars to 1,243 U.S. dollars per ounce.

Last year was the 7th consecutive year that China was the world's No.1 gold producer and production rose 6.2 percent to reach 428 tonnes, nearly 15 percent of the world's total.

Editor: Zhu Ningzhu
Related News
Home >> China            
Most Popular English Forum  
Top News  >>
Photos  >>
Video  >>
Top Science News Latest News  
  Special Reports  >>