| Ved Prakash, director of MMTC, the largest bullion importer in India, said silver imports improved this year. The company's silver imports increased +20% to 360 tons in the first 4 months of the year. Yet, the growth of gold imports, at +38%, is even higher. Indeed, the outlook for both gold and silver remains robust despite elevated price levels.
Prakash said price is 'no more an obstacle' as buyers expect 'further rise'. Bombay Bullion Association said earlier that it forecast silver price to reach Rs100 000/kg this year..............................................Full Article: Source
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