A belligerent government wants to contain gold imports to $30 billion from the over $50 billion shelled out last year.
Author: Shivom Seth
Posted: Thursday , 12 Dec 2013
MUMBAI (MINEWEB) -
Gold and silver imports slumped 80.55% to $1.05 billion in November in India, following several measures by the government to curb inbound shipments of the precious metal. Imports of gold and silver in November 2012 were at $5.4 billion.
Between April to November 2013, gold and silver imports have declined 23.78% to $25.5 billion from $33.5 billion in the same period last year. However, the Indian government is not content with the decline. ...