The World Gold Council (WGC) released the report of the most gold consumed countries in the world in Q1 / 2015
According to the report, the amount of gold consumed in Vietnam market in this quarter is the highest compare to the previous 4 quarters with 18,3 tons; However, a decreased by 7% compare to Q1 / 2014 figures. The consumption break down to 4,1 tons of gold Jewellery and 14,2 tons of gold coin and gold bar.
Indonesia with the consumption amount of 18,3 tons of gold also stand on the 8th spot.
Vietnam Gold consumption in Q1/2015 and in 2014. Source: WGC
China is the largest market of gold consumption with Q1 total of 272,9 tons (equivalent of 10.689,9 million USD), a decrease of 7.1% compare to the same period last year.
Despite standing at number one spot in quarterly growth of 15%, India come second on consumption with 191,7 tons (equivalent of 7.509,4 million USD) Germany stands at number 3 with 33,8 tons of gold in quarterly consumption.
In general, the total amount of gold consumption in the world in Q1/2015 reach 1.079,3 tons, decrease by 1% from the same period last year. The World’s supply and consumption amount of gold in Q1/2015 barely changed compared to the same period last year, at the amount of 1.079 tons.
In this quarter, the gold price per USD stay at average 1.218,5 USD / ounce, decrease of 6% compared to the same period last year. However, gold price increase close to 15%, with average of 1.083,1 Euro / ounce in terms of Euros.
The most gold-reserved country in the world according to WGC is still the United States with the total reserve of 8.133,5 tons by the end of March/2015, leading the top 40 countries / fund with the most gold-reserved in the World
According to Giao Thong