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CONCLUSION : very interesting report just published by
the World Gold Council. Gold jewelry demand in India jumped 67% in 1H'10.
India's retail; investment demand rose 264% in 1H'10 to 93
tonnes.
BOTTOM LINE: India remains the largest market for gold
representing 15% of global demand. INTERESTINGLY, GOLD DEMAND OVER THE LAST
10 YEARS HAS INCREASED 16% PER YEAR MORE THAN TWICE GDP GROWTH OF
6%.
Full report attached.
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