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Gold prices keep rising and near the peak of 3.5 months due to the weak dollar and concerns over global economic growth .
Interest in gold , which is considered a low-risk investment of rose as investors saw that cold in the U.S. affect economic growth , and China's growth is slowing.
Surcharge 99.99 fine gold on the Shanghai Gold Exchange fell to $ 4 per ounce to the spot price in London , compared with $ 7 on Monday . According to the World Gold Council , the demand in the physical markets in China and India this year will be approximately 1,000 tons , and last year the world gold consumption decreased by 15 percent due to the outflow of funds backed by gold exchange-traded funds .
Indian Finance Minister said on Monday that he would think about the easing of restrictions on the import of gold , but do not allow to grow the country's current account deficit . Last year, India has imposed restrictions on gold imports to reduce the trade deficit .
Global gold demand in 2013 fell by 15 % to 3,756 tonnes compared with 2012 due to lower investment demand doubled and central banks purchases of precious metals on third. This is stated in the review of the World Gold Council (World Gold Council) - Gold Demand Trends.
In value terms, demand fell by 28% to 170.422 billion dollars, in particular by reducing the average gold price by 15% compared with 2012 to 1411 dollars per ounce.
The recent drop in gold prices has caused a significant increase in demand, especially from the largest consumers - India and China.
Demand for gold in China by the end of 2013 rose by 32% to 1.12 tons totaling 51.6 billion dollars. In India, the demand also increased by 13% to 975 tons for a total amount of 44.7 billion dollars.
Gold mining in the world in 2013 increased by 5% to 3 tons. Global supply decreased by 2% to 4.34 tonnes mainly due to lower secondary production by 14 % to 1.37 tons.
The cost of the April gold futures on the COMEX today rose to $ 1332.40 per ounce.
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