Strong consumption drives price of gold up

The consumption of gold jewellery in the first half was 368.26 tonnes, an increase of 14.82%; consumption of gold bars and coins was 146.31 tonnes, up 30.12% year-on-year. — China Daily

Beijing: Gold consumption was 554.88 tonnes in China during the first half of this year, seeing a 16.37% increase year-on-year, according to the latest data released by the China Gold Association.

China’s economy has picked up and improved, and the overall national gold consumption has shown a rapid recovery trend, said The Paper.