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Chalanachithram.com DB » TF Industry related » Archive through October 27, 2011 » India's Gold & Silver Imports Jump 80% to $31.1 bil in 6 mon « Previous Next »

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Ashton
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Username: Ashton

Post Number: 13060
Registered: 05-2008
Posted From: 205.234.140.219

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Posted on Wednesday, October 26, 2011 - 01:19 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

According to the data released by the government for April to September, imports of gold and silver rose by a whopping 80% to $31.1 billion in six months.

Investors in India appear to be moving out of cash and into gold and silver. As poorly performing equities hit valuations, analysts and traders insist there is an acceleration in the investing community to switch into precious metals.

http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=13 8019&sn=Detail&pid=34

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