The dollar demand for gold has globally increased by 35% in the jewellery, retail investment and industrial sectors, for the second quarter of 2007. The world’s major gold producer, India, recorded a demand of 317 tons, which values to half of the global mine output in the second quarter, as reported by World Gold Council (WGC).
India along with China, the Middle East and Turkey have been the stronger markets in this growth.
China's witnessed an increased demand of 32% in tonnage. Russia also scaled its gold usage by 27% to 20.3 tons, compared to second quarter of 2006. The worldwide demand for gold jewelry has reached $14.5 billion as of the second quarter of 2007.
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