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FOCUS Graphiti Investment demand for gold 4 (bars and coins), in particular, has fallen sharply in the two Asian giants 304.3 THE GOLDEN GOOSE 215.1 . mainly due to the economic slowdown in India and China, which has affected consumer demand in the second quarter of 2012. The two countries account for 45% of global demand 171.5 124.8 107.9 56.5 103.1 20n 20 53.1 INDIA CHINA Fiqures in tannes for the second quarter of 202 Gold prices scaled record highs in August as investors in the US and Europe preferred the glitter of the yellow metal to the fickle equity markets. Yet overall global demand remained muted as consumer buying in India and China was subdued because of the current slowdown. 2200 Figres in tonnes Still, gold has given steady 5 returns in India over the years. The stock market in contrast has been unpredictable 29,532 July 2, 2012 29,755 Aug1.2002 Text by Jyotindra Dubey and Niti Kiran Graphic by Santosh Kushwaha I Gold Sensex 29,225 May 2. 2012 31,219 Sept 1.2012 28,123 febt.2002 29,016 June L 202 Gold prices have surged in recent months 2 27,136 Jan 2. 202 Gold exchange traded funds (ETFS) in India are growing 6 in popularity with record net inflows this year However, global demand for the metal contracted in the first half of 2012 despite feverish buying in the US and Europe. 95 200 2008 2009 2010 27,975 Aoi 2202 50 1,939.1 85 27,653 HI 201 Mar202 -41 1,836.7 Fiqures intcrere Souroe A 227 Eune Figures ane in per 10 as 2002 "Tardate pst 220 Figures show absolute retures ina calendar year Fipures in tannes 3. DO0Q00: CHINA INDIA 15 S25- 22.9% R'V7-


shared by daSantosh on Oct 17
Gold prices scaled record highs in August on safe haven buying in US and Europe as investors preferred the glitter of the yellow metal to the fickle equity markets. Fresh hopes of another round of mon...


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