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PR Newswire
13-08-2013, 09:48 AM
IMO, part of the reason was the devaluation of India rupee recently. India middle class didn't able to enjoy the drop of gold price fully...
China set to overtake India as top global consumer of gold
SINGAPORE — Gold consumption in China jumped 54 per cent in the first half of the year as sliding prices of the metal lured buyers, data showed, reinforcing expectations that the country will overtake India as the world’s top gold consumer this year.
Gold prices have lost about a fifth of their value this year after 12 years of gains, releasing pent-up demand across the world and particularly in India and China, where gold is an essential part of weddings and gift-giving.
http://www.todayonline.com/business/chin...sumer-gold
China set to overtake India as top global consumer of gold
SINGAPORE — Gold consumption in China jumped 54 per cent in the first half of the year as sliding prices of the metal lured buyers, data showed, reinforcing expectations that the country will overtake India as the world’s top gold consumer this year.
Gold prices have lost about a fifth of their value this year after 12 years of gains, releasing pent-up demand across the world and particularly in India and China, where gold is an essential part of weddings and gift-giving.
http://www.todayonline.com/business/chin...sumer-gold
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡