India Gold Imports at Record Low

October 4, 2013 at 10:49

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The latest import figures have brought a bad news for the market. According to experts, this year the market may not be able to sustain the demands of gold and silver products during the festive season.

According to the latest figures, September recorded the second lowest gold imports in Gujarat in last five years. Only 153 kilograms of gold were imported in September compared to 170 kilograms in August. The lowest imports were recorded in February 2009 with just 151 kilograms of gold import.

Though in the period from April to September 2013, gold imports increased by 34.73 per cent compared to same period ast year, thanks to over 60 metric tonnes (MT) of import in April and May 2013.