India Saw the Highest Gold Demand in 2007

Source:

A World Gold Council report said that the consumer demand for gold in the price sensitive Indian market has surged by 6% to 773.6 tonnes in 2007, compared to the previous calendar year.

The World Gold Council (WGC) said that a boom in consumer spending led to a surge in demand for gold in India in the last year.

A WGC report said that the consumer demand for gold in the price sensitive Indian market has surged by 6% to 773.6 tonnes in 2007, compared to the previous calendar year. It said demand for gold as investment increased to 215.4 tonnes, up by 10% from 2006, while jewellery demand rose marginally by 6% to 558.2 tonnes last year.

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