Mine Web, in its October 30, 2012 article, reports that India's Gujarat state almost doubles gold imports in Oct..
Extract :
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MUMBAI (MINEWEB) -
The state of
Gujarat that got its first gold temple in May this year, with gold-plated
spires adorning the facade, is again leading the country in gold imports.
While figures
from across India show a decline in gold imports, Gujarat has imported 23.7 tonnes of the precious metal in the month to October 25,
as compared to 12.7 tonnes in September. The end of
the month will have the state exceeding 30 tonnes,
ahead of Diwali.
A good
demonstration of the state's affinity for the yellow metal is the Gopinathji Dev Mandir temple, some 125 km from Ahmedabad that has been
decorated with gold-plated spires. Around 70 kilo of gold worth nearly $11.13
billion (Rs 210 million) was used to plate the
spires.
A special
event marked the formal opening of the golden temple in May, which sees
around 1,500 to 2,000 devotees on a daily basis. On special days, like the
full moon, which incidentally falls on October 30, nearly 40,000 people are
expected to pay obeisance at the temple.
Elsewhere
too, imports of gold are set to rise given the festivities ahead. "There
is a lull in prices for the past few weeks. The onset of the festival season
has boosted gold and trading is expected to pick up,'' said Manish Shah,
bullion retailer and export house owner.
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Read the rest of the article at
Mine Web
