BEIJING/SINGAPORE: China's gold consumption jumped 41% in 2013 to exceed 1,000 tonnes for the first time, an industry body said on Monday, as a sharp slide in prices attracted buyers for jewellery and bullion.
The demand surge has helped China become the No 1 gold consumer and should support prices, which took a hit last year from expectations of a tapering of commodities-friendly economic stimulus by the US Federal Reserve and a drop in demand in the other major buyer India.
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