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Gold imports by India to fall to 370 tonnes in 2009

Posted on 15 December 2009

From Commodityonline.com: High gold price is severely impacting the import of the yellow metal to India, one of the largest bullion markets in the world. Gold imports by India that used to be around 700-800 tonnes every year since 1998 have drastically come down by half.

Gold imports have plunged to the lowest mark in 2009. According to the latest statistics from the Bombay Bullion Association, gold imports by India in 2009 will stand around 370 tonnes, the lowest in one decade……………………………….Full Article: Source

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VRS - who has written 36151 posts on Opalesque Commodities Briefing.


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