China’s demand for gold rose in the third quarter as a hedge against inflation and on expectation of strong returns from the stock market, the World Gold Council said yesterday.

Gold demand this year is expected to hit a record, the gold advocate said. Gold demand in China, including the mainland, Hong Kong and Taiwan, rose 24 percent in the third quarter to 88.1 tons, the World Gold Council said.

Mainland gold demand rose 25 percent to 78.9 tons in the three months ending in September. Gold jewelry demand rose 24 percent in the period to 74.8 tons, while investment gold demand rose 43 percent to 4.1 tons on China’s mainland in the third quarter. Read Full Story

Related posts:

1. Global Gold Demand Down 16% on Near Record Prices
2. World Gold Demand Jumps 36% with ETF Investment Demand Rising 414% to 291.3 Tonnes
3. China pushes to top as world’s largest gold miners
4. World Gold Council: STRONG GOLD DEMAND EXPECTED FOR 2010
5. WGC: STRONG OUTLOOK FOR GOLD DEMAND FOR REMAINDER OF 2010
6. Gold Soars Most Since 1999, Silver Surges on Demand for Haven
7. Gold, Silver Decline in New York on Reduced Investment Demand
8. Dallas Gold & Silver posts record revenue in first quarter
9. Gold Rises to Record; Silver at 27-Year High on Dollar’s Slump
10. Blanchard says gold showing exceptional strength, look for new record highs by end of 2008