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India stays above China in gold buys

IMG Auteur
Published : November 19th, 2012
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Hindustan Times, in its November 19, 2012 article, reports that India stays above China in gold buys.

Extract :





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.



Read the rest of the article at Hindustan Times
Data and Statistics for these countries : China | India | All
Gold and Silver Prices for these countries : China | India | All
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