Thursday, July 24, 2014   

Mainland sees lower gold demand
(05-20 17:07)

Gold demand in China fell 18 percent during the first three months of the year from a record high a year ago. But the decline had little impact on overall global consumption of the metal, which largely remained stable.
The World Gold Council said Chinese consumers bought over 263 tonnes of gold in the first quarter. Demand for gold coins and bar sank 55 percent to 60 tonnes, while jewelry consumption rose 10 percent to over 203 tonnes -- driven by gift-giving over the Chinese New Year and Valentine's Day. --RTHK   
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