| Gold consumption may cross 1,000tn this year |
| BS Reporter / Bangalore September 05, 2007 |
| Gold consumption in India is likely to cross the 1,000-tonne mark for the first time if prices remain stable or grow steadily, according to World Gold Council (WGC). Consumption rose over 70% to 528 tonne in the first half of the current year from 307 tonne in the corresponding period last year. The consumption was a little over 700 tonne in 2006. Philip Olden, managing mirector and chief marketing officer, WGC says he is "cautiously optimistic" that the growth rate will not dip. "If there isn |
