China Emerging As Superpower In Gold Market For 2012
China is competing with India to have the world’s biggest gold market in 2012 as it slowly emerges as the new superpower in the international gold industry.
The World Gold Council annual report in 2011 stated that the amount of gold China bought in 2011 rose 20 percent to 711 metric tons, while India purchased 933 metric tons. The council said that it’s likely that China will emerge” as the world’s largest gold market for the first time in 2012 as it has already moved into top place on a quarterly basis. China has already become the world’s largest market for gold for the second half of 2011.
The rise of inflation and the weakening of the rupee, which made gold more expensive, could be the reasons for India losing the top spot in the gold market while rising incomes and a surging demand for luxury goods are the reasons why China is well on its way.
Source: Luxury Launches
Like Haute Living Asia? Join our Facebook page or follow us on Twitter @HauteLivingMag. Want Haute Living Asia deliver to your inbox once a week? Sign up for our newsletter.
Related Articles
Rolls Royce Miami Unveils Exclusive Bespoke Pastel Pink for Braman Motors Clients
Rolls Royce Miami debuts exclusive Braman Pink bespoke color, redefining luxury personalization for Braman Motors clients in South Florida.
SHAN Celebrates 40 Years at The St. Regis Residences, Sunny Isles Beach, Miami
Shan marks 40 years of luxury fashion with an oceanfront celebration at St. Regis Sunny Isles, blending heritage craftsmanship and Miami elegance.
My LOUIS XIII Debut: A First Sip with Cellar Master Baptiste Loiseau
Living in the frantic dopamine loop of notifications, we have become a generation obsessed with the visible. We curate our lives for an audience of strangers, confusing the price tag we can display with the value we actually feel. We are loud. We are fast. We are constantly “on,” leaving behind our human senses of touch, stillness, and depth. Instead, we swap them for visual intimacy, constant stimulation, and reach.
Small Space, Big Gains: How Lifters Are Redesigning Home Gyms for Real Life
Home gyms replace crowded gyms as lifters design intentional spaces with multifunction racks, Major Fitness systems, and smart layout planning.
Where the Fashion Crowd Dines and Drinks During NYFW
NYFW dine guide to where the fashion set drinks and dines in New York, from cocktail bars to must know restaurants.
Zendaya Stars in Louis Vuitton’s Campaign Celebrating 130 Years of the Monogram
Zendaya stars in Louis Vuitton’s latest Monogram campaign, marking 130 years of the House’s signature motif.
Latest Stories
Trending Articles
Related Articles
Rolls Royce Miami Unveils Exclusive Bespoke Pastel Pink for Braman Motors Clients
Rolls Royce Miami debuts exclusive Braman Pink bespoke color, redefining luxury personalization for Braman Motors clients in South Florida.
SHAN Celebrates 40 Years at The St. Regis Residences, Sunny Isles Beach, Miami
Shan marks 40 years of luxury fashion with an oceanfront celebration at St. Regis Sunny Isles, blending heritage craftsmanship and Miami elegance.
My LOUIS XIII Debut: A First Sip with Cellar Master Baptiste Loiseau
Living in the frantic dopamine loop of notifications, we have become a generation obsessed with the visible. We curate our lives for an audience of strangers, confusing the price tag we can display with the value we actually feel. We are loud. We are fast. We are constantly “on,” leaving behind our human senses of touch, stillness, and depth. Instead, we swap them for visual intimacy, constant stimulation, and reach.
Small Space, Big Gains: How Lifters Are Redesigning Home Gyms for Real Life
Home gyms replace crowded gyms as lifters design intentional spaces with multifunction racks, Major Fitness systems, and smart layout planning.
Where the Fashion Crowd Dines and Drinks During NYFW
NYFW dine guide to where the fashion set drinks and dines in New York, from cocktail bars to must know restaurants.
Zendaya Stars in Louis Vuitton’s Campaign Celebrating 130 Years of the Monogram
Zendaya stars in Louis Vuitton’s latest Monogram campaign, marking 130 years of the House’s signature motif.
Subscribe to Haute Living
Receive Our Magazine Directly at Your Doorstep
Embark on a journey of luxury and elegance with Haute Living magazine. Subscribe now and have every issue conveniently delivered to your home. Experience the pinnacle of lifestyle, culture, and sophistication through our pages.
Haute Black Membership
Your Gateway to Extraordinary Experiences
Join Haute Black and unlock access to the world's most prestigious luxury events