22.2.14

China overtakes India as top gold consumer

China has overtaken India as the world’s largest gold consumer, according to a World Gold Council report. While Chinese consumers lapped up 1,066 tonnes of gold products in 2013, their Indian counterparts bought 975 tonnes, up 13% from 2012, the report said. India’s demand came down to 974.8 tonnes following curbs imposed by the government to tame hunger for the precious metal, according to WGC’s ‘Gold Demand Trend 2013’. 

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