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Commodities Briefing - Categorized | Bullion/Gold, Trading more

Gold imports by India seen climbing as bullion nears bear market

Posted on 05 April 2013

Gold imports by India, the world’s largest bullion buyer, may increase 31 percent this quarter after prices dropped to a 10-month low and festivals and weddings spur sales of jewelry, a trade group said.
Purchases may climb to 200 metric tons in the three months through June from 153 tons a year earlier, Bachhraj Bamalwa, a former chairman and member of the All India Gems & Jewellery Trade Federation, said in a phone interview today. Imports probably were 225 tons to 250 tons last quarter, compared with 228 tons a year earlier, he said………………………………………..Full Article: Source


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