China And India Stoke Global Gold Demand

Forbes reported that demand for gold in India and China is rising despite increasing prices.

The market news is quoted as saying:

Increases in demand from China and India have driven a 7.5 percent increase in demand for gold jewelry during the first half of the year despite a 25 percent increase in the price, according to a report released this week from GFMS. However, much of India’s potential gold demand remains untapped.

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