Top 10 gold consumers in the world 2011
- By Zhang Junmian
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E-mail China.org.cn, February 29, 2012
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India 印度
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India was the largest consumer of gold in the world in 2011. [ibtimes.com] |
Year on Year Change: -7 percent
In India, traditionally the largest consumer of gold in the world, demand dropped by 7 percent to 933.4 tonnes in 2011 as the high gold prices and the weakness of the Indian rupee made gold more expensive for consumers. However, the demand still remained high in the country where gold is historically associated with wealth. India produces only about 4 tonnes annually, or some 0.4 percent of its gold consumption.
In 2011, gold jewelry demand in India was 567.4 tonnes, down by 14 percent from 2010. The investment market demand rose 5 percent to 366 tonnes, accounting for 24.6 percent of the world's total bar and coin demand.
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