UBS Gold Sales to India Rise 23% So Far in 2011; Demand ‘Robust’
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UBS AG said its gold sales to India, the biggest bullion consumer, rose 23 percent so far in 2011 from the same period a year earlier, with demand “robust.”
Physical bullion sales in May rose “a very substantial” 76 percent from the previous month and 161 percent from a year ago, UBS analyst Edel Tully said in an e-mailed report dated today.