China’s demand for gold still glowing bright


Demand rose by three tonnes year-on-year to stand at 2,093 tonnes. — China Daily

BEIJING: China continues to lead global demand for gold jewellery and secured the top spot in worldwide central bank gold purchases last year, making it an important force driving global consumption of the precious metal, says a report by the World Gold Council (WGC).

The global jewellery market proved to be resilient amid record-high prices last year as demand rose by three tonnes year-on-year to stand at 2,093 tonnes.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Interfloor leakage: Who is responsible?
Keeping waste disposal responsible
Time to legalise booking fees?
The long shadow of forced labour
China’s K-shaped growth
Are unit trusts dependable?
Sun Bus Tech goes the extra mile
Who pays for affordable energy?
High-stakes chip war
The great chip rush

Others Also Read