India And China Make Up Nearly 50% Of Global Gold Demand ...Middle East

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India And China Make Up Nearly 50% Of Global Gold Demand
source : OILPRICE ( Middle East ) () 31
There has been a steady migration of gold from West to East over the last three decades. When the World Gold Council published its first Gold Demand Trends report 30 years ago, Asian demand made up 45% of the world’s total. Today, the Asian share of global gold demand is approaching 60%. China and India have driven this migration of gold East. The World Gold Council describes the two countries as “super consumers” of gold. Thirty years ago, China and India accounted for about 20% of annual consumer gold demand. Today,…

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