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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


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