Demand in India should rebound after falling about 20-25% in 2012 to 750-800 tonnes.
TOKYO(BullionStreet): "World's largest consumers India and China are to provide gold's bull run a smooth sailing, 13th in a row, to next year, according to WGC MD Marcus Grubb.
"Global gold demand in 2013 should be led by further strength in Chinese demand and a recovery in India, helping the precious metal continue its bull run into its 13th year, he said in an interview.
"Looking at data we have on imports into India and also premiums in Mumbai, demand's been very strong so far in Q4 in India, I think actually stronger than in China," he said, adding that gold purchases before the Lunar New Year will help boost China's demand in the fourth quarter.
"Demand in India should rebound after falling about 20-25% in 2012 to 750-800 tonnes, he said without giving a projection for Indian growth. ..."