India and China Continue to Drive Gold Demand..

India and China Continue to Drive Gold Demand

By Frank Holmes

11/18/10 Stockholm, Sweden – The World Gold Council’s (WGC) latest quarterly recap shows global gold demand is getting stronger despite rising gold prices. Gold rose 28 percent to record the highest average price for a quarter ever at $1,226.75 an ounce while gold demand jumped 12 percent on a year-over-year basis to 921.8 tons during the quarter.

Jewelry demand, which increased 8 percent on a year-over-year basis, accounted for 57 percent of overall demand, while investment demand rose 19 percent to account for 31 percent of total demand.

More at link:

[link to dailyreckoning.com]