GOLD: India overtakes China as the biggest Gold consumer: Survey India regained its top position from China as the biggest overall consumer of gold in the first nine months this year with a total consumption of 642 tons, a survey said.
China is trailing by just 63 tons at total consumption of 579 tonnes in the first nine months, according to GFMS Gold Survey Q3 2015 Review and Outlook.
In India, jewellery consumption increased by 5% year-on-year to an estimated 193 tons in Q3 2015, the highest quarterly consumption since Q1 2011 and the highest third quarter demand since 2008, the report published by Thomson Reuters stated.
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