Meanwhile, high gold prices in rupee terms and government policies have crimped Indian gold demand and encouraged greater scrap supply, the bank said. Chinese jewelry demand has been generally robust this year, although it could abate, HSBC said. Also, HSBC said a rally to $1,900 an ounce could hurt jewelry demand further.Global jewelry demand is forecast at 1,773 tons this year, compared to 1,974 in 2011. HSBC looks for fresh investment demand of 1,572 tons in 2012 after 1,690 a year ago.
for detail:http://www.kitco.com/reports/KitcoNews20121017AS_HSBC.html
for detail:http://www.kitco.com/reports/KitcoNews20121017AS_HSBC.html
