| Gold imports by India, the world’s largest bullion buyer, may increase 31 percent this quarter after prices dropped to a 10-month low and festivals and weddings spur sales of jewelry, a trade group said.
Purchases may climb to 200 metric tons in the three months through June from 153 tons a year earlier, Bachhraj Bamalwa, a former chairman and member of the All India Gems & Jewellery Trade Federation, said in a phone interview today. Imports probably were 225 tons to 250 tons last quarter, compared with 228 tons a year earlier, he said...............................................Full Article: Source
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