Gold jewellery demand in
India, a major global market, is estimated to have risen 5 to 7 per cent in
2011 and is set to grow a further 10 to 15 per cent this year with bullion
prices falling back after recent gains.
India's jewellery demand
dropped 26 per cent in the third quarter of 2011 to 125.3 tonnes,
hit by strong price swings and a weaker rupee, the industry-funded World Gold
Council has said.