Jan 292016

global gold consumption

India retained its top position in global gold consumption for the second consecutive year in 2015, fuelled by record high jewellery consumption at 703 tonnes.

According to the latest GFMS Gold Survey 2015 by Thomson Reuters, India’s aggregate jewellery and investment demand in 2015 gained six per cent to 890 tonnes, making it the second best year of the past four years.

Demand had also been affected by a reduction in rural consumption and a strain in consumption expenditure at the middle and lower income class due to an increase in household debt.

Contributed By Sonia Narula

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