Speaking at the launch of its wedding jewellery brand, Azva, WGC Director Vipin Sharma said the country could import as much as 800 tonnes of gold this year.
by Shivom Seth:
MUMBAI (MINEWEB) -
"It is not just Indian bullion retailers who are gearing up for the festival of lights in India next week.
"The World Gold Council too has noted a significant jump in sales from end-October and early November, in a run-up to the festival.
"India's import of the precious metal could be appreciably higher than was earlier envisaged, according to the Council. At a press conference, the global organisation said that India could import around 800 tonnes this year, way more than the 640 odd tonnes that was spoken about earlier this year. ..."