Gold Consumption In China
- All
- News
-
China Unearths Massive Gold Deposits That Could Be the Largest in the World
In a groundbreaking discovery, China has uncovered a massive gold deposit in Hunan province, estimated to be worth $83 billion. With more than 40 gold veins containing up to 1,100 tons of gold, this find could potentially be the largest known gold deposit on Earth. The discovery has significantly impacted global gold prices, pushing them close to r...
-
China's Gen-Z Consumers Are Increasingly Investing In 'Gold Beans', What Are These?
These pill-like beans only weigh approximately one gram and are priced between 400 and 600 RMB (R s5,209 and 7,814) per unit.
-
Government Eyes Higher Import Duties On Key Items, But Will Spare Gold: Official
India is the world's second-biggest gold buyer, after China, and spent $3.64 billion on such imports last month. The government is also planning to ask state oil firms to lock in their crude futures purchase prices, anticipating a spike when US sanctions on Iran are reimposed in November.
-
Gold Holds Steady On Weaker Dollar
Gold held steady early on Thursday after rising slightly in the previous session, with lower expectations for a U.S. rate hike weighing on the dollar.
-
Asia Gold Demand To Fall 15-20% In 2016: Report
Gold consumption in China and India, the world's top two buyers, is set to drop 15 to 20 per cent in 2016 after lower investment demand and jewellery sales, an official at a leading importing bank said.
-
Gold Hits 7-Week High as Worries Over China Hurt Stocks
Gold hit a seven-week high on Wednesday, extending gains for a third session as persistent concerns over the Chinese economy battered stock markets, while tensions simmered in the Korean peninsula and the Middle East.
-
In China's Jewellery Hub, Gold Loses Sparkle for Wary Buyers
As Chinese consumers cut back on gold purchases for a second year in a row, nowhere is the slowdown being felt more than in the country's once-bustling jewellery manufacturing and retail hub of Shuibei.
-
India Biggest Gold Consumer, Overtakes China: Survey
India regained its top position from China as the biggest overall consumer of gold in the first nine months this year with a total consumption of 642 tonnes, according to the findings of a survey.
-
China Gold Reserves Rise Over 1% on Month: Report
China's gold reserves rose by more than 19 tonnes in July, the official Xinhua news agency said on Saturday, after the central bank last month gave the statistic for the first time in six years.
-
Global Gold Demand Weakest Since 2009
Global gold demand shrank to its lowest level since 2009 in the second quarter as China poured funds into equities, which had promised better returns, and imports by India dropped to the lowest in five quarters, an industry report showed on Tuesday.
-
China's Gold Imports to Plunge as Financing Deals Unwind: Valcambi
China's gold imports could fall as much as 40 per cent this year as demand for bullion used to back domestic financing deals decreases, the world's biggest refiner Valcambi said.
-
Asian Buyers Snub Falling Gold Price, India Still at Discount
A fall in global gold prices to eight-month lows this week failed to boost demand in top consumers China and India as would-be buyers anticipate further declines on the back of a strengthen US dollar.
-
Why Gold Consumption in India Has Gone Up
In China, the other major buyer of gold, demand fell 37 per cent during the period on a year-on-year basis.
-
China's gold demand surges, tops 1,000 tonnes for first time
Gold consumption in China grew to 1,176.40 tonnes last year, with jewellery demand climbing 43 per cent to 716.50 tonnes and bullion demand soaring 57 per cent to 375.73 tonnes, the China Gold Association said on its website.
-
Gold demand from India, China could hit record 1,000 tonnes each in 2013: WGC
Demand from China, which is on course to challenge India's position as the top gold consumer this year, could also soar to a record 1,000 tonnes in 2013, the WGC said.
-
China Unearths Massive Gold Deposits That Could Be the Largest in the World
In a groundbreaking discovery, China has uncovered a massive gold deposit in Hunan province, estimated to be worth $83 billion. With more than 40 gold veins containing up to 1,100 tons of gold, this find could potentially be the largest known gold deposit on Earth. The discovery has significantly impacted global gold prices, pushing them close to r...
-
China's Gen-Z Consumers Are Increasingly Investing In 'Gold Beans', What Are These?
These pill-like beans only weigh approximately one gram and are priced between 400 and 600 RMB (R s5,209 and 7,814) per unit.
-
Government Eyes Higher Import Duties On Key Items, But Will Spare Gold: Official
India is the world's second-biggest gold buyer, after China, and spent $3.64 billion on such imports last month. The government is also planning to ask state oil firms to lock in their crude futures purchase prices, anticipating a spike when US sanctions on Iran are reimposed in November.
-
Gold Holds Steady On Weaker Dollar
Gold held steady early on Thursday after rising slightly in the previous session, with lower expectations for a U.S. rate hike weighing on the dollar.
-
Asia Gold Demand To Fall 15-20% In 2016: Report
Gold consumption in China and India, the world's top two buyers, is set to drop 15 to 20 per cent in 2016 after lower investment demand and jewellery sales, an official at a leading importing bank said.
-
Gold Hits 7-Week High as Worries Over China Hurt Stocks
Gold hit a seven-week high on Wednesday, extending gains for a third session as persistent concerns over the Chinese economy battered stock markets, while tensions simmered in the Korean peninsula and the Middle East.
-
In China's Jewellery Hub, Gold Loses Sparkle for Wary Buyers
As Chinese consumers cut back on gold purchases for a second year in a row, nowhere is the slowdown being felt more than in the country's once-bustling jewellery manufacturing and retail hub of Shuibei.
-
India Biggest Gold Consumer, Overtakes China: Survey
India regained its top position from China as the biggest overall consumer of gold in the first nine months this year with a total consumption of 642 tonnes, according to the findings of a survey.
-
China Gold Reserves Rise Over 1% on Month: Report
China's gold reserves rose by more than 19 tonnes in July, the official Xinhua news agency said on Saturday, after the central bank last month gave the statistic for the first time in six years.
-
Global Gold Demand Weakest Since 2009
Global gold demand shrank to its lowest level since 2009 in the second quarter as China poured funds into equities, which had promised better returns, and imports by India dropped to the lowest in five quarters, an industry report showed on Tuesday.
-
China's Gold Imports to Plunge as Financing Deals Unwind: Valcambi
China's gold imports could fall as much as 40 per cent this year as demand for bullion used to back domestic financing deals decreases, the world's biggest refiner Valcambi said.
-
Asian Buyers Snub Falling Gold Price, India Still at Discount
A fall in global gold prices to eight-month lows this week failed to boost demand in top consumers China and India as would-be buyers anticipate further declines on the back of a strengthen US dollar.
-
Why Gold Consumption in India Has Gone Up
In China, the other major buyer of gold, demand fell 37 per cent during the period on a year-on-year basis.
-
China's gold demand surges, tops 1,000 tonnes for first time
Gold consumption in China grew to 1,176.40 tonnes last year, with jewellery demand climbing 43 per cent to 716.50 tonnes and bullion demand soaring 57 per cent to 375.73 tonnes, the China Gold Association said on its website.
-
Gold demand from India, China could hit record 1,000 tonnes each in 2013: WGC
Demand from China, which is on course to challenge India's position as the top gold consumer this year, could also soar to a record 1,000 tonnes in 2013, the WGC said.
