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Business trends

E-commerce fuels rebound in Chinese gold buying

Rising prices for the precious metal failed to dent jewelry demand in 2017

Climbing prices have done little to weaken Chinese demand for gold jewelry.   © Reuters

TOKYO -- Chinese demand for gold jewelry grew in 2017 despite higher prices for the precious metal as the spread of e-commerce extended retailers' reach.

Last year's 3% rise in Chinese demand for gold jewelry marked the first increase since 2013, when gold prices tumbled. India saw a 12% increase, but China once again showed a bigger appetite for the yellow metal than its neighbor.

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