Demand for gold from China has jumped nearly 40% this year as the appetite for jewellery, bars and coins increased sharply due to the sharp drop in gold prices - AFP Photo.
SINGAPORE: China is set this year to usurp India as the world's biggest gold consumer by a convincing margin as strict import rules introduced by New Delhi bite, forecasts from the World Gold Council showed on Thursday.
The industry body cut its outlook for Indian demand in 2013 to around 900 tonnes from the 1,000 tonnes predicted previously, while keeping its forecast for China unchanged at 1,000 tonnes.
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