India Remains Biggest Gold Buyer as Gap Between China Narrows – Bloomberg 02-14-13

Salient to Investors:

The World Gold Council said the gap between India, 2012’s biggest gold buyer, and the second-largest consumer, China, narrowed to the smallest ever: together they account for 52 percent of global consumer bullion demand.

Marcus Grubb at the Council said India consumption may climb 11 percent to 965 tons in 2013, followed by Chinese at 880 tons. Grubb said on a per capita basis, Chinese demand is still significantly lower than India.

Read the full article at http://www.bloomberg.com/news/2013-02-14/india-remains-biggest-gold-buyer-as-gap-between-china-narrows.html

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