29.07.2011 - India May gold sales up massive 161pct yoy - gold rush continuing
The gold rush in India, the world's biggest bullion consumer, continues unabated. Physical demand for the gold remains high despite the spike in prices, wealth management firm UBS has said in a note, adding that an indication of sales to India was a 23% jump in gold sales from the start of the year till July. As compared to the seven months of last year, demand was rather robust, the agency has said. Physical bullion sales soared 76% in May as compared to sales in April and a thumping 161% from a year ago, UBS said in a report..............................................Full Article: Source
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