MARKET SHIFTS: China could overtake India as the world's biggest gold market this year as Chinese seek more luxury goods and more places to park rising disposable incomes — and the rupee remains weak.
BIG RISE: Already last year, 770 metric tons of gold were bought in China, a 20 percent increase from 2010. In India, 933 metric tons were bought, while the total worldwide was 4,0671 metric tons, worth $205.5 billion.
WHY GOLD: The precious metal's long-term price climb makes it a popular hedge against inflation as do the poor performance of China's stock and property markets, says the London-based World Gold Council.
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