date:Feb 24, 2014
s has seen a support in the current level of demand in the physical market, said CMC Markets analyst Nicholas Dale-Lace.
China overtook India as the biggest consumer of gold in the world last year, ramping up its demand by 32.0 percent from the 2012 level, the World Gold Council reported. Last year demand from China for gold for jewellery, coins and bars totalled a new record of 1,065.8 tonnes. That was ahead of Indian demand of 974.8 tonnes, according to the council representing leading gold