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Gold is a symbol of wealth and prosperity. Most ancient cultures held gold in high esteem. In today’s society, gold continues to enjoy a special position. It is primarily used in the jewellery industry for creation of necklaces, rings, bracelets etc.
43% demand for gold comes from the jewellery industry. However, it is not the only industry where the gold is used. It is also used in bars and coins, electronics and dentistry sectors. A significant demand for gold also comes from official sector purchase. With all these uses, gold is counted as one of the most precious metals found on earth.
Gold jewellery is extremely popular in countries like India and China. Gold necklaces, earrings and bangles are worn on festivals, weddings and other similar occasions. The consumption of gold is also quite high in the middle-east countries where it is mainly purchased for investment purposes. In the below Infographic, you can learn about the latest trends in gold consumption across the world.