Top 10 gold buyers in the world 2010
- By Wang Yanfang
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China.org.cn, August 1, 2011
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India
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| India was the largest consumer in the world in 2010. [financialpost.com] |
Total: 963.1 tons
Year-on-Year change: 66%
The Indian are crazy about yellow metal. The country has been traditionally the world's largest consumer of gold. In 2010, it was also the strongest growth market. Consumer demand registered growth of 66% in 2010 comparing with the last year.
It was mainly driven by the jewelry demand. Indian demand was boosted during the second half of the year, for the coming of the festival season, like Diwali festival in early November. The rising price also generated considerable purchases of gold bullion by Indian investors.
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