Gold Demand Sinks to Six-Year Low as China, India Buyers Hurting

Appetite for gold shrank to the lowest in six years last quarter as buyers in China and India, the two biggest markets, saw incomes hit separately by a volatile stock market and a weak harvest.

Demand dropped 12 percent to 914.9 metric tons from the same period a year ago, the World Gold Council said in a report Thursday. In China, it fell 3 percent and in India by a quarter.