Economics
India’s Gold Demand May Exceed 1,200 Tons by 2020, WGC Says
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Gold demand in India, the world’s largest user of the bullion, may increase to more than 1,200 metric tons by 2020 as economic growth boosts incomes and household savings, the World Gold Council said.
The South Asian nation’s consumer demand was 963.1 tons in 2010, the council said in a statement issued in Bangalore today.