China has set a record impact for gold demand in the first quarter of 2012, according to ITAR-TASS. Demand for gold in China reached impact 255.2 tons, enabling Beijing to significantly outpaced India, says World Gold Council. Demand impact for gold in India has fallen by 19 percent to 152 tonnes, largely due to the increase of import duties, the introduction of excise duty on finished gold products and unsustainable rate of the rupee. According to experts, the World Gold Council, China will maintain its leadership position throughout 2012. Total global impact gold demand fell during the period impact from January to March 5 percent to 1097.6 tons, which is due to the high prices of the precious metal. During this period, gold was worth an average of 1690.57 dollars impact an ounce, which is 22% above the price level in the same period last year.
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2013 - West Gold & Silver
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