Vietnam’s gold consumption estimated at over 19 tons in Q1

Vietnam’s gold consumption in the first quarter of this year was 19.2 tones, up 2 percent from the same period last year, the World Gold Council reported on April 27.

In particular, demand for gold jewelry in Vietnam in the first quarter increased 7 percent, equivalent to 5.5 tones while the demand of gold for investment was 14.2 tons, up 1 percent from a year earlier.

In terms of value, the Vietnam’s total gold consumption was equivalent to $878 million, up 28 percent over the same period last year. – Vietbiz24

Tags: vietnam gold, Vietnam gold consumption, Vietnam gold market

Posted by VBN on May 24 2011. Filed under Gold. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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