January 31, 2019 / 4:02 AM / 10 months ago

China's 2018 gold consumption +5.73 pct y/y at 1,151.43 tonnes - state media

BEIJING, Jan 31 (Reuters) -

* China’s 2018 gold consumption rose by 5.73 percent year-on- year to 1,151.43 tonnes, the state-run Securities Times reported on Thursday, citing data from the China Gold Association.

* China has now been the world’s top gold consumer for six years running, the newspaper said.

* The country’s gold output fell 5.87 percent to 401.12 tonnes but China retained its position as the top global producer of the precious metal for a 12th straight year, it added.

* China’s gold reserves rose for the first time in two years to 59.560 million fine troy ounces at end-December, according to central bank data released on Jan. 7. (Reporting by Tom Daly; Editing by Gopakumar Warrier)

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