``In value terms, annual demand was up 38% to a record $150 billion, including a quarterly record in the October-December period of $42 billion. Data in the World Gold Council report was compiled by the consultancy GFMS. Jewelry demand posted strong recovery in 2010, the report said. Growth of 299.3 tons represented a 17% gain from the previous year, taking the total to 2,059.6 metric tons. This was fueled by gains in China and India, which collectively accounted for 51% of global jewelry, bar and coin demand for the year, the report said.''

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