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

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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.

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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.

www.scmp.com/economy/china-economy/article/3250780/chinas-gold-rush-world-leading-jewellery-surge-shows-how-other-investments-have-lost-their-shine

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