USD 64.0144

-0.33

EUR 70.9023

-0.15

BRENT 59.62

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AI-92 42.27

0

AI-95 46.03

0

AI-98 51.83

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Diesel 46.16

+0.03

15

China's Gold Demand Increased, Helping Gold Prices Rise

China's gold demand increased 26 per cent year-on-year to 326.1 tonnes

China's gold demand increased 26 per cent year-on-year to 326.1 tonnes, boosted by booming jewellery consumption, the World Gold Council said on Tuesday.

Chinese jewellery demand reached 302.2 tonnes in 2007, making China the world's second-largest retail jewellery market after India.

Booming Chinese demand for the precious metal helped to boost its price in London to a record high of $936.50 an ounce in early February.