| Gold consumption in India, the world’s second-largest user, will probably increase in the second half as import restrictions are relaxed by the new government, according to the World Gold Council.
Demand may climb as high as 1,000 tons this year, said Somasundaram P.R., the managing director for India. That compares with 974.8 tons in 2013 and a record of 1,006.3 tons in 2010, according to data from the London-based WGC. Imports plunged 52 percent in the first quarter from a year earlier, the group said........................................Full Article: Source
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