India Business Forum

Search
The Indian Express

The Financial Express

Latest News

Screen

Express Computer
Feedback
Travel

Matrimonials

Careers

Lifestyle

Astrology

E-Cards

Columnists

Graffiti

Crossword

Letters

Environment

Jewellery
Info-tech

Power

Steel

Advertisers Forum

Business Forum

Morning Digest

In association with Amazon.com

Books Music

Enter keywords


FINANCIAL EXPRESS FRONT PAGE

Corporate

Economy

Expressions

Markets

Leisure

 

Monday, April 5, 1999

China consumed less gold in 1998: WGC 

REUTERS  
Beijing: China consumed 191.6 tonnes of gold in 1998, about 22.2 tonnes less than in 1997, making it the world's fourth largest market for the precious metal, the Xinhua News Agency quoted the World Gold Council as saying.India, the United States and Saudi Arabia were the top three gold consumers, with 815 tonnes, 428.4 tonnes, and 208.4 tonnes respectively, it said.

Per capita consumption on the Chinese mainland was only 0.2 grams of gold a year, compared with nine grams in Hong Kong and Taiwan, Xinhua said, quoting the president of the council's Far East region. Consumption could be stimulated since the Chinese government is opening the gold market and loosening controls, it said. Last year's output of 172.8 tonnes made China the fifth biggest gold producer in the world.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


Top


Maruti Udyog Ltd.

 

Click here for a printer-friendly page Printer-friendly page

One of India's Leading Banks



EXPRESSindia.com
News   Business    Sports   Entertainment
The Indian Express | The Financial Express | Latest News | Screen | Express Computers
Travel | MatrimonialsCareersLifestyle | Astrology
E-Cards | Graffiti | Environment | Jewellery | Info-tech | Power