Gold Demand Falls Worldwide; Rises in India

Gold Demand Falls Worldwide; Rises in IndiaGold demand has witnessed a decline across various world markets. Major consumers of Gold, China and India are also facing economic pressure. The demand for Gold in China has decreased 8 per cent as per recent report of World Gold Council.

The worldwide demand for Gold has decreased by 8% during third quarter of 2012, as per the recent report. Consumption of Gold in India increased by 9 per cent.

In India, the demand of Gold rises around festive and wedding season. The price of Gold has been ruling strong in India. Current price per 10 grams in Mumbai market is Rs 31,600.

In German speaking regions, the price of Gold coins and bars has reduced. The current price per ounce was down by $6 at $1723. Compared to last 6 months period, the price of gold is higher by $169 per ounce.