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China's gold demand to remain robust; to reach 1,350 tn by 2017

Last Updated: Tuesday, April 15, 2014, 22:02

Chinese demand for gold is expected to grow by 22.72 percent to reach to about 1,350 tonne by 2017 on rising real incomes, a deepening pool of private savings and rapid urbanisation across the country, says a report by the World Gold Council.

China imports less gold as demand wanes, currency weakens: Sources

Last Updated: Friday, April 04, 2014, 12:14

The yuan depreciated 2.5 percent in February and March, its biggest two-month loss since China established the domestic foreign exchange market in 1994.

Gold price hits fresh 6-month high on Ukraine, China worries

Last Updated: Friday, March 14, 2014, 08:43

Gold price has gained over 2 percent this week, marking its sixth straight weekly rise, as investors exited riskier assets such as equities.

Gold price at 6-month high as Ukraine, China prompt safe-haven bids

Last Updated: Thursday, March 13, 2014, 13:17

Gold earlier on Thursday hit USD 1,374.45, its highest since September 19.

Gold price extends gains to 4-1/2 month high on safe-haven demand

Last Updated: Wednesday, March 12, 2014, 10:25

Gold price gained 0.6 percent to USD 1,357.11 an ounce after earlier hitting USD 1,359.25 - its highest since October 29.

China world's largest gold consumer in 2013: Report

Last Updated: Wednesday, February 19, 2014, 11:20

The report released by the London-based World Gold Council (WGC) Tuesday said the demand for gold in China set a remarkable new record of 1,066 tonnes, a rise of 32 percent year-on-year.

China world's top gold consumer as sales cross 1,000 tonnes

Last Updated: Wednesday, February 12, 2014, 20:17

China's gold consumption crossed 1,000 tonnes for the first time ever in 2013, reinforcing its status as the world's top consumer.

China gold consumption leaps 41% in 2013

Last Updated: Tuesday, February 11, 2014, 23:49

China's gold consumption soared 41.36 percent in 2013, industry data showed.

China's gold demand strong after holiday; Indian premiums fall

Last Updated: Friday, February 07, 2014, 15:10

Gold premiums in India, the second biggest gold consumer, fell to USD 70-75 an ounce, compared to USD 80 last week, on higher availability of imported finished jewellery and smuggled goods.

China grants gold import licences to foreign banks for 1st time: Sources

Last Updated: Wednesday, January 15, 2014, 14:16

China has granted licences to import gold to two foreign banks for the first time, sources said, as moves to open the world`s biggest physical bullion market gather pace.

China's gold imports jump to second highest on record in October

Last Updated: Wednesday, November 27, 2013, 16:24

Demand in China, set to overtake India as the biggest gold consumer this year, has hit record highs as gold prices have fallen about a quarter in 2013 - their first decline in 13 years.

Gold price subdued by Fed tapering risk; China imports strong

Last Updated: Wednesday, November 27, 2013, 12:41

Gold last traded up 0.2 percent at USD 1,245.59 an ounce Wednesday after dropping 0.7 percent in the previous session.