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India’s 2013 gold imports seen at 550 tonnes: Bombay Bullion Association

Posted on 07 November 2012

India’s gold imports may fall to 550 tonnes next year from a peak of 967 tonnes in 2011, the head of a leading trade body said, after a drop that could be as steep as 45 percent this year as high inflation and prices bite into disposable incomes.
India’s 2011 imports put it ahead of China as the world’s largest gold buyer, but they slid over 56 percent in the second quarter of this year after New Delhi hiked import duties. Overall first-half imports fell 20 percent………………………………………..Full Article: Source


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