Gold prices in April will stand to recover from the losses it made in March as demand for the metal is expected to rise in near future. Markets have witnessed some interesting movements in gold counter last month as it had tested nearly six week low and then smartly recovered from its losses on falling dollar and geopolitical news. China`s gold demand is expected to double over the next decade due to jewelry consumption and investment needs, the World Gold Council (WGC) said. Currently the world`s second-largest gold consumer after India, China has seen its gold demand grow at an average rate of 13 percent per year over the past five years. Demand from China`s two largest sectors -jewelry and investment - reached a combined total of 423 tons in 2009, with 314 tons supplied by domestic mines. Silver is also expected to gain on improving economic optimism. Improvement in economic conditions may increase silver`s industrial demand. Also equities are trading higher in Asia which can impact silver prices positively.
