China's gold demand to double in 10 years

11:12, May 20, 2011      

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According to the first quarter report "Gold Demand Trend in China," released by the China office of the World Gold Council, China has become the second biggest gold consumer market, and its demand for gold will double in the next 10 years.

With China's great contribution to the global gold market in the first quarter of 2011, the quantity of the global demand for gold amounts to 981.3 tons, 11 percent higher than a year earlier, the report indicates. The demand for gold jewelry in China in the first quarter hit a fresh record high, totaling 142.9 tons, 21 percent more than a year before.

By People's Daily Online

 
 
     
 
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(Editor:张洪宇)

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