Originally Posted by
Skol
Chinese demand 'could' hit 1,000 tonnes this year according to the WGC.
If you believe the WGC, you'll believe in fairies at the bottom of the garden.
"Indian demand is still strong".lol From July 19th.
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MUMBAI: Gold traders in India, the world’s biggest buyer of the metal, awaited bigger price falls before re-stocking, even as prices consolidated in a recent range. Silver edged lower.
Gold imports into India fell about 81 per cent in June from the previous month after the government raised import duty and stopped consignment imports.
“Demand is low as everyone is anticipating that gold prices will fall,” said Ketan Shroff, director at Mumbai-based wholesaler Penta Gold.