The retail demand for gold in China increased considerably in the fourth quarter compared to a weaker appetite in most countries around the world.
Gold demand rose by 3 percent over the previous year to 116.3 tonnes in the last quarter of 2009 in China, including mainland China, Hong Kong and Taiwan, the World Gold Council said today, citing evidence GFMS, a precious metals consultancy.
In China, private investors and the demand for gold coins and 17 percent over the previous year in the quarter, while the jewelry was flat.
Later, in China, demand for gold during the fourth quarter of the sample, was founded in 2009 - reported solid gains on the continent, partially offset by less interest in Hong Kong and Taiwan, said the lawyer of gold.
On the mainland, the gold jewelry demand rose significantly in December, when the metal corrected from its peak of over U.S. $ 1200 per ounce of gold sales ballooning prices slowed in the first weeks of the fourth quarter.
In 2009, total gold demand in China increased by 7 percent to 461.9 tonnes.
Gold prices on the Comex division of New York, hovering around U.S. $ 1116 today.
