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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Saudi Arabia
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| Saudi Arabia was the seventh largest consumer in the world in 2010. [wordpress.com] |
Total: 87.5 tons
Year-on-Year change: -1%
Consumers throughout the Middle East region cut back on their demand for gold jewelry because of the high and unstable gold prices in the fourth quarter of 2010. Although the negative effect in Saudi Arabia was not quite as strong, its 2010 full year demand was 73.0 tons, 6% below 2009.
However, in the Middle East region, the demand for gold investment is much stronger than the jewelry market.
Saudi Arabia's demand for gold bar and coin invest soared, 33% up on 2009.
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