China’s, India's Gold Investment to make new records

India:
The World Gold Council (WGC) research showed that cumulative annual demand for gold in India would increase to excess of 1200 tonnes or nearly Rs. 250 crore at current price levels, a WGC statement said on Thursday. “In 2010, total annual consumer demand reached 963.1 tonnes. India’s continued rapid growth which will have significant impact on income and savings, will increase gold purchasing by almost 3 per cent per annum over the next decade,” the statement pointed out.
Read full at: http://andhrabusiness.com/NewsDesc.aspx?NewsId=India%E2%80%99s-annual-gold-demand-to-touch-1-200-tonne-in-2020-WGC.html

China:
Gold investment demand in China is likely to top a record 200 metric tons this year, the World Gold Council said.
The country’s investment demand surged 70 percent in 2010 to an all-time high of 187 tons, said Albert Cheng, the Far East managing director at the World Gold Council.
China’s “investment demand has picked up exponentially,” Cheng said yesterday in an interview in Montreal. “The financial crisis has triggered people to be cautious of anything they don’t understand,” boosting demand for bullion as an alternative asset.
Read full at: http://www.bloomberg.com/news/2011-09-19/china-s-gold-investment-to-top-record-cheng.html

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