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Chinese demand drives gold prices

Posted on 12 November 2013

India is the largest gold importer in the world. From 2012 to 2013, the nation imported 845 tons of the metal, and in October, it increased its gold and silver imports by 62.5% to $1.3 billion.
China is the second largest gold importer, but it may end up surpassing India to become number one. It’s expected that China may consume 1,000 tons of gold this year, particularly considering it imported as much as 826 tons from Hong Kong in just the first nine months of the year – twice as much as the same period last year………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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