A vault that can store 2,000 metric tons of gold has been opened in Shanghai to cater to the nation’s growing demand for the precious metal, Bloomberg reported. Owned by Malca-Amit Global, a precious metals logistics firm, the vault can also store diamonds, jewellery and art, said Joshua Rotbart, a manager with the company. The site could hold bullion worth about $84 billion. Gold consumption in China may increase 29% this year, overtaking India as biggest user as lower prices and higher incomes spur demand.