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India’s gold bullion imports “fall significantly”

Posted on 14 June 2013

Gold imports by India, the world’s largest consumer nation, are falling rapidly after the government imposed new curbs, according to import industry leaders. May this year saw record levels of gold bullion imports, as Indian households “front-loaded” their 2013 purchases thanks to the sharp drop in world gold prices, according to Crisil Ltd., the Indian division of financial analysts Standards & Poor’s.
“The curbs will change the financial models of jewelers in the country,” says Bhaskar Bhat the director of jewelers Titan Industries, quoted by Bloomberg………………………………………..Full Article: Source


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