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IPMI and Industry News: Industry News

India's Gold Imports Rebounding

Sunday, August 13, 2017  
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India's gold imports to rebound in 2017 on restocking, good monsoon - top refiner

India's gold imports are likely to jump by a third in 2017 to 750 tonnes on restocking by jewellers and as good monsoon rainfall is expected to boost demand in rural areas during the upcoming festive season, a leading refiner told Reuters. Higher imports by the world's second biggest consumer will support global prices , which are trading near their highest level in two months, but could widen the country's trade deficit. - Reuters at Kitco 08/13/2017

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