Because of rampant smuggling, official gold import data in India grossly underestimates the nation's gold demand. But gold researcher and GATA consultant Koos Jansen today reported something meaningful in the latest import data: a huge increase. Jansen writes that the figures for March showed Indian gold imports up 88 percent from February -- and of course India's new government is expected to relax import restrictions soon. Jansen's report is headlined "March Indian Gold Imports Highest in 10 Months" and it's posted at his Internet site, In Gold We Trust, here:
http://www.ingoldwetrust.ch/march-indian-gold...-in-10-month...
