India 2010 gold imports surpass 500 tonnes
A new poll carried out among gold experts has shown that India has imported more than 500 tonnes of the precious material since the beginning of 2010.
According to the Reuters study, some 504.5 tonnes of gold has been purchased by operators in the Indian market in the last eight months and the industry is hoping that interest in the commodity will continue for the rest of the year.
Business Standard reports that members of the sector have met to discuss the country's rebound in gold interest at a conference in Varca, situated in the Goa state of west India.
Previous figures have shown that 2009 was one of the worst years on record for gold purchases in India, with import rates at 480 tonnes, but statistics indicate a rebound for the rest of 2010.
The Economic Times recently noted the major import markets for gold jewellery in India, including Switzerland, the UK, Africa, Australia and the Middle East.
The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.
This entry was posted on Thursday, September 2nd, 2010 at 12:30 am and is filed under Gold Dealers . You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.