Hindustan Times, in its November 19, 2012 article, reports that India stays above China in gold buys.
Extract :
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China, which for
the first time was expected
to overtake India in gold
demand in 2012, may have to wait for at least one more year as Indian consumers are back to buying gold despite high prices.
Analysts around the world predicted that China's gold demand is expected
to be around 860 tonnes
and would surpass India's in 2012. However, Indians are back to investing in gold, which industry trackers say is viewed
as safe haven.
India's gold
demand was lesser than that
of China's in the first six months
of 2012. However, in the third
quarter, India's gold demand surpassed China's demand. Indians bought 607.6 tonnes of
gold in the first nine months
of 2012 as against a total demand
of 576.9 tonnes in China, according to World Gold
Council.
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