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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.

Chinese gold demand may rise 20% by 2017: WGC

Last Updated: Tuesday, April 15, 2014, 10:00

Annual demand for gold in the form of jewellery, coins and bars is set to hit "at least 1,350 tonnes by 2017", the WGC said in a report on China.

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.

Gold price falls as market takes breather after 3-day rally

Last Updated: Wednesday, February 19, 2014, 04:58

Gold fell on Tuesday as the market took a breather after a three-day rally that pushed it over $1,330 an ounce, but prices hovered around a 3-1/2 month high due to lingering worries over global economic growth.

India's gold demand up 13% at 975 tonnes in 2013: Report

Last Updated: Tuesday, February 18, 2014, 14:37

India's gold demand remained buoyant in 2013 and rose by 13 percent to 975 tonnes compared to 2012, despite government putting in several restrictions to curb imports, according to a World Gold Council report.

China overtakes India in gold demand in 2013: Report

Last Updated: Tuesday, February 18, 2014, 13:01

For the first time India lost its tag of the world's largest gold consumer to China, which lapped up 1,065.8 tonnes of the precious metal in 2013, says a World Gold Council report.

Gold smuggling in India to rise if curbs stay: WGC

Last Updated: Tuesday, February 18, 2014, 11:55

Gold demand in India is expected to be robust in 2014, likely leading to a further jump in smuggling if curbs on bullion imports remain, the World Gold Council (WGC) said.

Gold demand fell 15% in 2013: WGC

Last Updated: Tuesday, February 18, 2014, 11:44

Massive liquidation of bullion-backed exchange-traded funds returned 881 tonnes of gold to the market last year, part of a 51 percent slump in investment demand to 773.3 tonnes.

Gold still showing no sign of losing its sheen in India

Last Updated: Sunday, December 22, 2013, 21:03

Steady demand, despite import restrictions, saw gold prices swaying between Rs.26,440 per 10 grams in April to Rs.34,600 per 10 grams in August.

Bullion smuggling outstrips narcotics to feed gold habit

Last Updated: Wednesday, December 04, 2013, 13:27

The World Gold Council estimates that 150 to 200 tonnes of smuggled gold will enter India in 2013, on top of the 900 tonnes of official demand.

Gold futures hit one-week high of Rs 30,444 per 10 gms

Last Updated: Tuesday, November 26, 2013, 18:38

Gold last traded up 0.39 percent at Rs 30,288 per 10 grams, after hitting a high of Rs 30,444, a level last seen on November 20.

India's Q3 gold demand down by 32% to 148 tonnes: WGC

Last Updated: Thursday, November 14, 2013, 23:40

Gold demand in India fell by 32 percent to 148.2 tonnes in July-September period of 2013 due to supply constraints and high inflation, global body WGC said Thursday.