After several dull months, Gold imports are back in action. In January, The imports were at 50 tonnes and in February increased to 80 tonnes and also in March the demand has been picking up as well. In year’s first quarter, 200 tonnes of gold will be imported, expected by the industry. Because of the […]
Tag Archives | Gold Imports
As demonetisation cuts the demand December gold imports to fall by 50%
As from November, the retail demand has seen a huge fall, the December gold imports may go below 50 tonnes. The high-value currency notes will cease to be legal on November 8th, declared by the government, this has happened after that. World’s second largest consumer of gold is India and the already low international gold […]
