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World Gold Demand Slid In 2012 As Indians Buy Less

Central banks became net buyers of gold in the second quarter of 2009, and have added 1,100 metric tons to global gold reserves since then.

"The list of countries actively adding to their official gold holdings remains heavily concentrated in developing markets, which partly reflects the scale of growth in the reserves of these markets over the recent years," said the report.

_____

Online:

World Gold Council: www.gold.org

Follow Kelvin Chan at twitter.com/chanman

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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