China Surpasses India as Top Consumer of Gold Jewelry: Rising Demand Amidst Economic Uncertainties Signals Shift in Investment Preferences

Sharing is Caring!

China’s gold rush: world-leading jewellery surge shows how other investments have lost their shine
China has overtaken India as the world’s No 1 consumer of gold jewellery, with gold becoming increasingly sought after as a safe-haven investment against the backdrop of a dismal real estate market and volatile stocks that have wiped out considerable wealth.

See also  The Outbreak is Coming’: China Announces ‘Severe’ Spike in Covid Cases, Right as U.S. Heads Into Election Season

Gold-jewellery consumption reached 630 tonnes in China last year, according to the World Gold Council’s 2023 Report published on Wednesday, representing an annual increase of 10 per cent.

See also  Signs of Stock Market Peak Emerge: Bezos' Massive Amazon Sell-off, Diverging Valuations, and Economic Warning Signals

Views: 86

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.