India’s Gold Demand May Exceed 1,200 Tons by 2020

Bloomberg reported that the World Gold Council said India’s gold demand could be more than 1,200 tons by 2020.

The market news is quoted as saying:

“India already occupies a unique position in the world gold market and as private wealth in India surges over the next 10 years, so will Indian demand for gold,” said Ajay Mitra, the council’s managing director for India and the Middle East.

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