The growth of world consumption of gold in the year 2010:
World Gold Council expects to be the world's consumption of gold in the year 2010 is higher than last year, 2009, in the light of the increasing demand in China and India and maintain the level of demand for gold investment tools as well as growth in demand for jewelry, as in the industrial sector.
In a report issued under the title "Gold demand trends for the third quarter of 2010," predicted the World Gold Council to achieve the final three months of this year, more positive results in the light of the significant growth in sales due to coincide with the holidays.
According to the data that the World Gold Council, jewelry sales during the third quarter of this year reached in terms of quantity compared to 17.2 tons 18.1 tons in the same quarter of the year 2009, down 9% but it rose in value terms to $ 678 million versus $ 580 million .
At the level of countries in the Middle East, Gulf and Egypt, the report said that sales of gold amounted in value to two billion and $ 657 million in the third quarter of this year 2010 compared to two billion and $ 298 million growth of 16% of which two billion and $ 384 million sales of jewelry in the third quarter of this year compared to two billion and $ 99 million in the same quarter of the year 2009 and about $ 273 million sales of gold for investment "securities" between the months of July and September 2010 compared to $ 198 million in the same period of last year's growth rate of 38%.
In Saudi Arabia gold sales amounted to one billion and $ 91 million in the third quarter of this year versus $ 920 million in the corresponding period of last year growth of 13% and in terms of quantity compared to 26.4 tons 29.8 tons, down 11%.
In the United Arab Emirates increased value of gold sales during the third quarter of this year increased by 23.5% to reach $ 741 million versus $ 600 million in the same quarter of last year, the amount of gold sales during the period fell by 6%. To 18.8 tons, compared to 20.1 tonnes in the same quarter last year.
World Gold Council expects to be the world's consumption of gold in the year 2010 is higher than last year, 2009, in the light of the increasing demand in China and India and maintain the level of demand for gold investment tools as well as growth in demand for jewelry, as in the industrial sector.
In a report issued under the title "Gold demand trends for the third quarter of 2010," predicted the World Gold Council to achieve the final three months of this year, more positive results in the light of the significant growth in sales due to coincide with the holidays.
According to the data that the World Gold Council, jewelry sales during the third quarter of this year reached in terms of quantity compared to 17.2 tons 18.1 tons in the same quarter of the year 2009, down 9% but it rose in value terms to $ 678 million versus $ 580 million .
At the level of countries in the Middle East, Gulf and Egypt, the report said that sales of gold amounted in value to two billion and $ 657 million in the third quarter of this year 2010 compared to two billion and $ 298 million growth of 16% of which two billion and $ 384 million sales of jewelry in the third quarter of this year compared to two billion and $ 99 million in the same quarter of the year 2009 and about $ 273 million sales of gold for investment "securities" between the months of July and September 2010 compared to $ 198 million in the same period of last year's growth rate of 38%.
In Saudi Arabia gold sales amounted to one billion and $ 91 million in the third quarter of this year versus $ 920 million in the corresponding period of last year growth of 13% and in terms of quantity compared to 26.4 tons 29.8 tons, down 11%.
In the United Arab Emirates increased value of gold sales during the third quarter of this year increased by 23.5% to reach $ 741 million versus $ 600 million in the same quarter of last year, the amount of gold sales during the period fell by 6%. To 18.8 tons, compared to 20.1 tonnes in the same quarter last year.
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