| While gold might be losing shine due to falling prices, silver had dimmed last year itself. Demand and imports into India fell 80 per cent in 2012. The fall in demand has a direct reflection on import, though India produces sizable silver, unlike gold where the country is totally import-dependent.
The fall in demand for silver is attributed to a fall in investment. In 2012, India's silver demand for investment was just 300 tonnes, against 1,549 tonnes in 2011, according to Thomson Reuters GFMS, which compiles the data. India's total demand for silver was 3,234 tonnes in 2012 against 4,437 tonnes in 2011..............................................Full Article: Source
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