Commitment in China

http://www.mining.com/china-to-overtake-india-in-gold-consumption-thanks-to-6-6-million-bridal-gifts-68344/?utm_source=digest-en-ag-130626&utm_medium=email&utm_campaign=digest

With the growing middle class in china it seems as if they are surly beginning the baby boom and another reason for demand in gold

let's get married

www.mining.comhttp://www.mining.com/china-to-overtake-india-in-gold-consumption-thanks-to-6-6-million-bridal-gifts-68344/?utm_source=digest-en-ag-130626&utm_medium=email&utm_campaign=digest

China is set to overtake India in gold consumption as a result of Chinese wedding gifts of gold and Indian import restrictions.
Roughly two thirds of the 10 million Chinese brides in 2013 are expected to receive golden presents. This is big business for gold dealers despite the collapsing prices.
Chinese grooms are said to "have to hand over several kilos of gold to get the bride to say yes," according to one Indian bullion trader.
The China Gold Association recently stated that in 2013 total Chinese demand could reach between 900 to 1,000 tonnes, which would surpass demand from India.
In India, the trend is towards less consumption as the government continues to tighten its grip on the country's gold trade, announcing last week a hike in the import tariff value of gold to $459 per 10 grams.
In May the tariff value of gold was pegged at $440 per 10 grams.China is set to overtake India in gold consumption as a result of Chinese wedding gifts of gold and Indian import restrictions.