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

Silver prices in 2014 will ride higher thanks to India

Posted on 18 October 2013

While silver demand among U.S. traders at the moment is muted, silver demand in India - the world’s biggest buyer of the white metal - is insatiable. It will be one of the biggest factors supporting higher silver prices in 2014. And it all stems from a move the government made to limit gold buying…
India - the world’s biggest gold buyer - imposed heavy import duties on the yellow metal this year to try and narrow India’s swollen trade gap. The government raised the import duty on gold three times this year to 10%………………………………………..Full Article: Source


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VRS - who has written 36638 posts on Opalesque Commodities Briefing.


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