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Indian gold imports said to almost triple on wedding demand

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Chris Powell

GATA

Published : March 16th, 2017

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FOLLOW : 9/11 China China’s Data Georgia Gold India Indian Report

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Category : GoldWire


	Gold imports by India, which competes with China for the role of world's biggest consumer, are said to have risen almost three-fold in February from a year earlier as jewelers increased stockpiles before the festival and wedding period that starts next month. Shipments jumped 175 percent to 96.4 metric tons in February from a year earlier, according to a person familiar with provisional data from the finance ministry, who asked not to be identified as the data aren't public. Overseas purchases slid 32 percent to 595.5 tons in the 11 months to February. ... ... For the remainder of the report: https://www.bloomberg.com/news/articles/2017-...rts-by-india...

Data and Statistics for these countries : China | Georgia | India | All

Gold and Silver Prices for these countries : China | Georgia | India | All

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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