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WGC: China gold jewellery demand surpasses India’s for first time in 2 yrs

Posted on 21 November 2011

Chinese demand for Gold jewellery surpassed that of India — the world’s largest consumer of bullion — for the first time since early 2009, reported the World Gold Council (WGC), an industry group, in its quarterly Gold Demand Trends.
Acording to WGC, Chinese gold jewellery demand in third quarter 2011 rose 13% to 131.0 tons while Indian demand declined 26% to 125.3 tons from 168.4 tons. As a result, China was the largest single market for jewellery demand, accounting for 28% of global jewellery demand. In value term this means an increase of 48% to RMB 46.0 bn………………………………………..Full Article: Source


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