Gold Investment and jewelry demand in China could be set to double over the next ten years, it has been suggested.
That is according to the World Gold Council (WGC), which believes that supply will not be able to keep pace with demand, posing implications for the global market.
Eily Ong, investment research manager at the World Gold Council, said that
He said: "Our analysis shows that if gold demand were to continue to increase so markedly, domestic supply would be unable to keep pace.
"Whatever the outcome, China's outlook will almost certainly have implications for the global market."
With demand outstripping supply, Gold Prices are likely to rise.
In India Gold Prices are being pushed up by a yearly increase in demand, as the wedding season approaches.
A dealer at a private bank told the Economic Times: "As prices fell to attractive levels, buying resumed ... also there is not much time left before the wedding buying starts."
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