Chinese consumers’ demand for gold reached record levels in the third quarter as the 60th anniversary of the founding of the People’s Republic of China on October 1 provided a boost to sales of jewellery and commemorative items.
Consumer demand for gold in China reached 120.2 tonnes in the third quarter, up 12 per cent on the same period last year, while jewellery demand increased 8 per cent to 93.5 tonnes, according to the World Gold Council which released its latest supply and demand update on Thursday.
