Physical gold shines, consumer purchases hit record in 2013

KUALA LUMPUR: The year 2013 turned out to be a bumper year for physical gold as consumers around the world bought the yellow metal in record amounts, with China and India leading the way, report the World Gold Council.

Last year, China became the world’s biggest gold market, overtaking India for the first time and setting a new record for jewellery, bar and coin demand of 1,065.8 tonnes.