Gold Consumption: Gold prices are constantly increasing rapidly, but despite this, there is a continuous jump in gold consumption in India. The annual gold consumption in India has reached 800 tonnes, which is twice as compared to China’s consumption. In India and China, the consumption of gold is seen going in the opposite direction. Gold consumption in China has fallen by 49 percent compared to 2013. Its consumption in China has decreased due to expensive gold. In addition, gold consumption in China has also been recorded due to the dull economy.
Gold consumption was 939 tonnes in China in 2013
Research Head Ray Jia of the World Gold Council (China) said that the demand for gold has declined in India’s neighboring country, but in terms of value, an increase in the consumption of jewelery has been recorded. Between 2001 and 2013, there was a rise of 362 percent in gold consumption in China. But according to the weight, the consumption of gold in China has been decreasing continuously since 2013. Gold consumption in China was 939 tonnes in 2013, which remained just 479 tonnes in 2024.
Demand for gold crossed 800 tonnes last year
The special thing is that the consumption of gold in China is decreasing at a time when the demand for gold is seeing a boom despite rising prices in India. In the year 2024, gold consumption in India i.e. demand crossed 800 tonnes. According to the World Gold Council, customers in China bought a gold jewelery worth about Rs 1 lakh crore in the first quarter of 2025. This is 29% more than the previous quarter, but less than the first quarter of 2024.
Investment is increasing rapidly in gold
Gold prices in India have recorded a 28 percent increase till 19 July this year. Jewelry sales have seen a decline due to seasonal lethargy and high prices. However, there has been an increase in demand for gold in terms of investment. In the first quarter of the current financial year, the income of listed jewelery companies has registered a rise of 10 percent. Along with this, investment in Gold ETF is also increasing.
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