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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Silver holds no charm for Indian buyers even at lower price

Posted on 08 May 2013

Silver in India, the poor man’s gold, is witnessing a reverse trend compared to the world market where a slump in silver prices has spurred demand.
In India, the demand for silver jewellery has dropped significantly and the investment demand for the metal has almost dried up despite the price falling to Rs 46,000 per kg. This may bring down the country’s import of silver by 12% to 2,200 tonne this year from 2,500 tonne last year………………………………………..Full Article: Source


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