Vietnam ranks 8th among world’s top gold consumers
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Vietnam ranks eighth among the countries in the world with the highest gold consumption in the first quarter of 2017, shows a recent report by the World Gold Council.
Vietnam ranks eighth among the countries in the world with the highest gold consumption in the first quarter of 2017.
As per the report, the demand for gold in Vietnam in Q1 was close to 17 tonnes, a slight rise compared to last year.
In the first quarter, China topped the list, with a total demand of 280 tonnes of gold, an increase of 8 per cent compared to the same period last year. India came second with 123 tonnes.
Overall, the total global demand for gold touched 1,035 tonnes in the first quarter of this year, an 18 per cent drop against the same period in 2016.
Vietnam’s gold consumption has declined over the years, from nearly 100 tonnes in 2013 to 58 tonnes in 2016.
Questions & Answers
Q.How much gold did Vietnam consume in the first quarter of 2017?
How much gold did Vietnam consume in the first quarter of 2017?
Vietnam's demand for gold in the first quarter of 2017 was nearly 17 tonnes. This represented a slight increase when compared to the same period in the previous year.
Q.Which countries consumed the most gold in the first quarter of 2017?
Which countries consumed the most gold in the first quarter of 2017?
China was the top consumer with 280 tonnes of gold, followed by India in second place with 123 tonnes. Vietnam ranked eighth among the global consumers.
Q.What was the total global gold demand in the first quarter of 2017?
What was the total global gold demand in the first quarter of 2017?
Total global demand for gold reached 1,035 tonnes in the first quarter of 2017. This figure marked an 18 per cent decrease compared to the same period in 2016.
Q.Has Vietnam's gold consumption trended upwards or downwards in recent years?
Has Vietnam's gold consumption trended upwards or downwards in recent years?
Vietnam's gold consumption has generally declined over recent years. It fell from almost 100 tonnes in 2013 to 58 tonnes in 2016, despite a slight rise in Q1 2017.
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