China Gold Demand Rises 26% in 2007

Source:

Chinese jewellery demand reached 302.2 tonnes in 2007, the World Gold Council said in a news release, making China the world's second-largest retail jewellery market after India.

Gold demand in China grew 26 per cent in 2007 from a year earlier to 326.1 tonnes, boosted by booming jewellery consumption, the World Gold Council said on Tuesday.

Chinese jewellery demand reached 302.2 tonnes in 2007, the council said in a news release, making China the world's second-largest retail jewellery market after India. Booming Chinese demand for the precious metal helped to boost its price in London to a record high of $936.50 an ounce in early February.

Related Articles

Get Our Streetwise Reports Newsletter Free

A valid email address is required to subscribe