| China has retained its lead as the world's largest market for spot gold trading for the eighth year, as growing participation by offshore investors fueled trade growth, the Shanghai Gold Exchange said Thursday. Trading of gold surged 166 percent during the first half this year to 17,520 tonnes, while that for silver jumped 151 percent during the same period to 380,000 tonnes.
Trading of bullion and silver totalled 4,764 and 525 tonnes respectively at an international board set up for offshore investors in the Shanghai Free Trade Zone in September. The World Gold Council estimates demand for bullion from China and India, the world's top two buyers, will stand between 900 to 1,000 tonnes this year...............................................Full Article: Source
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