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China's gold demand is expected to double from current levels over the next decade due to jewellery consumption and investment needs, the World Gold Council said in report released on Monday.

Gold’s position on the market remains as strong as ever as more and more people having lost faith in fiat money turn to buying gold. Investment in gold, which has always been regarded as a safe-haven during global recession, is now in ever greater demand. According to GBULLION DMCC experts, today’s gold bull market will not end until at least 2014, and they are almost certain that it may easily last for another 8 years.

'In jewellery, the Chinese per capita consumption is one of the lowest at 0.26 grams when compared to countries with similar gold cultures. If gold were consumed at the same rate per capita as in India, Hong Kong or Saudi Arabia, annual Chinese demand could increase by at least 100 tonnes or as much as 4,000 tonnes in the sector alone,' it said.

If the central bank boosts gold holdings to 2.2 percent of forex reserves, 'it could amount to a total incremental demand of 400 tonnes at the current gold price,' the report added.

There are several reasons why physical gold demand and gold price will continue to increase. Some of these reasons are attributable to consumer-side economics while others are based in investor tendencies and still others are connected to macro-economic policy.

Speaking at a news conference in conjunction with the release of the 2010 Gold Demand Trends Report, the council's managing director for the Far East, Albert Cheng, said China was the 'strongest market for investment demand' in gold last year.

Chinese demand for gold bars and coins rose 70% on-year to reach 180 tons, valued at about $7 billion, he said.

In the Demand Trends Report released earlier, the council said Chinese consumer gold demand rose 27% annually to 579.5 tons in 2010. Demand for the greater China region—which also includes Hong Kong and Taiwan—was up 29% at 607.1 tons. India, the world's top gold consumer, saw a 66% rise in demand to 963.1 tons. Chinese demand for gold jewelry(China jaw crusher  ) reached a record 400 tons in 2010, a council report said.

The Knowledge About Ore Deposits   

The distribution of ore deposits is determined by the geological processes that formed them. Ore deposits are therefore commonly clustered in geological provinces (mineral provinces or mineral districts) with some provinces being strongly endowed in particular mineral commodities (Jaireth and Huston, 2010). An example is the Hamersley basin in the Pilbara which hosts most of Australia’s known iron ore deposits and resources. Maps showing the distribution of Australia’s major deposits and endowment by region for the major commodities (coal, copper, gold, iron ore, minerals sands, nickel, phosphate rock, lead and zinc are available at Minerals maps.

An ore(ore processing plant) is a type of rock that contains minerals with important elements including metals. The ores are extracted through mining; these are then refined to extract the valuable element(s). An ore deposit is an accumulation of ore. This is distinct from a mineral resource as defined by the mineral resource classification criteria. An ore deposit is one occurrence of the particular ore type. Most ore deposits are named according to either their location, or after a discoverer or the code name of the resource company which found it.

Ore deposits are naturally occurring accumulations or concentrations of metals or minerals of sufficient size and concentration that might, under favourable circumstances, have economic value. Economic concentrations of metals or other mineral commodities are known as ore. Mineral resources are naturally occurring concentrations of minerals that are potentially economic to extract. These are classified according to the degree of geological assurance and economic feasibility based on the McKelvey resource classification system and compiled in the national resource inventory described in Australia’s Identified Mineral Resources.