Top 10 gold buyers in the world 2010
- By Wang Yanfang
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China.org.cn, August 1, 2011
Since its discovery, gold has been a widely desired precious metal. It is coveted for its monetary and symbolic value.
As of 2009, about 165,000 tons of gold had been mined throughout history. The year of 2010 was an outstanding year for gold. The gold demand in 2010 grew 9% compared to last year, reaching 3,812.2 tons, valued at US$150 billion, according a report by the World Gold Council.
Higher jewelry demand, strong growth in key Asian markets and a paradigm shift in the official sector, where central banks became net purchasers may contribute most to the increase.
From the perspective of countries' demand, the following are the top 10 gold buyers from the selected countries in the world by the World Gold Council.
Russia
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| Russia was the tenth largest consumer in the world in 2010. [rediff.com] |
Total: 67.5 tons
Year-on-Year change: 12%
Russia was the tenth largest consumer in the world. Its gold jewelry demand totaled 67.5 tons in 2010, increasing 12% compared to last year. Russia's rising trend in gold demand began in the first quarter and lasted at the end of the year. In spite of high international gold prices, Russia's demand for gold remained strong.
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