Q. Which country is the world’s largest consumer of Gold?
Answer:
China
Notes: India is the world’s second largest consumer of Gold, only after China. India's gold imports rose by 33.34 per cent to ₹46.14 billion during the 2021-22 fiscal, due to high demand.
In the previous fiscal, Gold imports were worth ₹34.62 billion. The rise in gold imports during the last year contributed to the widening of the trade deficit to USD 192.41 billion, against USD 102.62 billion in 2020-21.