Sat, Oct 25, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Bullion/Gold, Trading more

India: Gold import to fall by 25 pct in April: Bullion trade body

Posted on 16 April 2013

Gold imports are likely to go down by about 25 per cent this month to around 53.25 tonnes compared to the same period last year due to the declining gold prices, a bullion trade body today said.
“The imports of the yellow metal is likely to be 25 per cent less than the corresponding month last year as the gold prices are declining steadily. Usually, when the prices drop traders hold back in anticipation of further decline, while they buy when prices rise with the fear of additional increase in rates,” Bombay Bullion Association president Mohit Kamboj told here………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37629 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031