Gold sees sustained demand in 2018

Gold consumption in China exceeded 1,151 metric tons in 2018, up 5.73 percent year-on-year, making the country the largest gold consumer worldwide for the sixth consecutive year, according to industry data.

Gold consumption via the jewelry sector reached 736.29 tons in the past year, up 5.71 percent year-on-year, while gold bar consumption reached 285.20 tons, up 3.19 percent compared with the same period in the previous year, according to the China Gold Association.

Use of gold for industrial purposes rose the most, around 17.48 percent year-on-year, to 105.94 tons on the back of strong demand from the industrial sector, it said.