The World Gold Council (WGC) reaffirmed the power of the Love Trade in its 2011 Gold Demand Trends report released this week.

FORBES: Gold Demand Strong, Mining Stocks Look Too Cheap

While growth in value was recorded across all sectors and geographies, the standout markets were India and China which accounted for 52 percent of total bar and coin investment and 55 percent of global jewelry demand, the WGC said in its Gold Demand Trends report for the second quarter of 2011.

FORBES: Global Gold Demand Fell 17%, Value Rose 5%, India and China Account for More than Half of Total Demand