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Global demand for gold up to 6%

Global demand for gold up to 6% in the 3 quarter of the year, mainly due to an increased demand from investors looking to park their funds in safe heavens in the wake of the global economic uncertainties, according to a new report by the World Gold Council. The demand for gold in the quarter increase up to 1,053.9 metric tons compared to 991.1 tons in the same period of 2010, said World Gold Council in its latest Gold Demand Trends report. The investment demand rose in the third quarter to 468.1 tons, or $25.6 billion.