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Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Indian gold imports may rise 89 percent in April, jewellers group says

By cpowell
Created 2015-04-20 17:29

By the Press Trust of India
via The Times of India, Mumbai
Monday, April 20, 2015

MUMBAI -- India's gold imports are likely to rise more than 89 percent at 100 tonnes this month compared with last year, mainly due to weakness in international prices and easing of restrictions by the Reserve Bank of India, an industry body said.

Gold imports stood at 53 tonnes during April last year, according to data given by The All-India Gems and Jewellery Trade Federation.

"Until now we have imported nearly 100 tonnes of gold. So we are expecting the total imports to be a little ove ..

"Until now we have imported nearly 100 tonnes of gold. So we are expecting the total imports to be a little over 100 tonnes," the federation's new chairman, Manish Jain, told PTI here. ...

... For the remainder of the report:

http://economictimes.indiatimes.com/news/economy/foreign-trade/gold-impo... [1]



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