The competition is on: India overtakes China as the largest gold market http://www.indianexpress.com/news/India-overtakes-China-as-the-largest-gold-market/624817
"...Indians spent around Rs 32,000 crore ($ 6.9 billion) to buy gold in the first three months (January-March) of the calendar year. This is nearly ten times of Rs 3,250 crore ($ 708 million) they spent to accumulate gold in the same period of last year.... India regained the status as the largest gold market by overtaking China which registered only an 18 per cent rise in demand at 132 tonnes."
