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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

India, China lead gold rush

Posted on 06 October 2011

Beijing becoming host to Asia’s first automatic gold vending machine - in a continent where millions are yet to see the variety that spews paper cash and potato crisps - offers the latest indication of China and India being world’s leading gold buyers, despite record fluctuating prices mid-September.
Year-on-year consumer demand for gold in 2010-2011 grew 38% in India and 25% in China, compared with a 7% worldwide growth of gold sales……………………………………….Full Article: Source


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VRS - who has written 47828 posts on Opalesque Commodities Briefing.


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