Gold Demand In China In 2009

Posted by Andrade on May 21st, 2021

China is the largest gold producer of the world and is among the biggest customers too. In 2009, gold output of China set a record at 313.98 tonnes - an 11.34% boost, making it the greatest yellow metal manufacturer of the world. Gold need in China in 2009 was much greater than in the previous years. With gold demand at 395.6 loads in 2008 and soaring to 450 tons in 2009, 2009 has been an amazing year for gold financiers in China. Bullion demand went up by 13.8 % in 2009 as compared to the previous year. In November 2009, the gold bullion touched its greatest peak at ,195.13 an ounce. In November alone, gold production by China was 27.95 loads of gold. Bullion was up by 24% in 2009. The Chinese gold mining output shot up by 14.6% in the year 2009.

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