Tuesday, May 22, 2012
Global demand for gold dips 5%
MUMBAI - Global demand for gold fell 5.0 percent in the first quarter of 2012 but demand in China hit record highs and outstripped that of megabuyer India, the World Gold Council said on Thursday. Demand worldwide fell to 1,097.6 tonnes in the quarter ended March, worth an estimated $59.7 billion, with gold prices on average 16 percent higher than those seen in the same period last year, the council said in its latest report. Photo: corbisReduced demand for gold from global central banks,
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