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Barclays: Indian silver imports may advance 50pct and gold 30-40pct y/y in Q4

Posted on 25 October 2011

India’s Gold import could rise by 30-40% y/y in Q4 as consumers become more comfortable with prices at lower levels and with lower volatility. “Silver imports by India — the world’s largest bullion consumer– may rise by 50% y/y in Oct-Dec quarter to 250-300 tonnes taking total imports for the year in excess of 4000 tonnes.” stated Prithviraj Kothari, president of the Bombay Bullion Association.

Longer term investor interest has stabilised across the precious metals with gold holdings edging lower by a modest 0.2 tonnes while metal held in trust across Silver and the PGMs was unchanged on Friday, reported Barclays Capital………………………………………Full Article: Source


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