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Commodities Briefing - Categorized | Bullion/Gold, Trading more

India to import more gold this year than earlier thought - WGC

Posted on 08 November 2012

It is not just Indian bullion retailers who are gearing up for the festival of lights in India next week. The World Gold Council too has noted a significant jump in sales from end-October and early November, in a run-up to the festival.
India’s import of the precious metal could be appreciably higher than was earlier envisaged, according to the Council. At a press conference, the global organisation said that India could import around 800 tonnes this year, way more than the 640 odd tonnes that was spoken about earlier this year………………………………………..Full Article: Source


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