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Indian gold demand to reach 800 metric tons in spite of attempt to reduce imports

Posted on 05 December 2012

World Gold Council’s India office believes Indian demand for gold bullion in 2012 will end up reaching approximately 800 metric tons, a substantial increase from earlier estimates of 650–750 tons.
While India’s government has been trying several tactics to reduce gold bullion imports, the earlier drop in demand has not led to a sustained decline for gold prices. According to Cekerevac, in spite of lower than normal gold bullion demand by Indian buyers, gold prices are expected to remain extremely strong………………………………………..Full Article: Source


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