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Commodities Briefing - Categorized | Bullion/Gold, Trading more

Gold imports down 9pct as Govt curbs shipments

Posted on 21 February 2013

The series of government measures to contain gold imports seems to have paid off. Gold shipments has fallen nine per cent to 860 tonnes last year against 969 tonnes in 2011, according to the World Gold Council.
While gold imports dipped, supply through recycled gold increased substantially as consumers made the most of sharp jump in prices. Domestic supply by way of recycled gold nearly doubled to 117 tonnes last year against 59 tonnes registered in the preceding year……………………………………Full Article: Source


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