China's Gold Demand Tops 1,000 Tonnes For The First Time In 2013

China's demand for gold exceeded 1,000 metric tonnes (1,102 short tons) for the first time in 2013, a 41 percent leap from 2012, the China Gold Association said. The surge in gold consumption, fueled by a 28 percent slide in prices in early 2013, makes China the biggest gold consumer in the world. By contrast, demand dropped in India, the world's second biggest gold consumer.