10 Highest Gold Consuming Nations
By SiliconIndia
Bangalore: Every year billions of gold is consumed by people all over the world. In 2011 survey, ten highest gold consuming nations were brought out by LBMA, Thomson Reuters GFMS and World Gold Council. Here is the list:
# 10 Thailand
Gold Consumed Worth (in 2011) - $5.51 billion
Total Gold Holdings in Central Bank - 152.4 tonnes
Thai gold is preferred by buyer from all over the world for its 96.6 (23 Carat). There are many gold jewelry shops in Bangkok and the best known area for buying gold is Yaowarat in China Town. There are more than 130 shops selling all kinds of gold jewellery, bars and biscuits.
# 9 Switzerland
Gold Consumed Worth (in 2011) - $5.92 billion
Total Gold Holdings in Central Bank - 1,040.1 tonnes
In Switzerland gold bars are very popular among the gold buyers. The gold bars are made in two different varieties, such as the cast and minted. The cast bar is manufactured by pouring the hot liquid gold into a mould to give it the required shape. And the minted bars are made by cutting gold blanks from flat sheet of solid gold.
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