No. of views : (2034)
Gold Imports may increase to 40 Tons!
Posted on: 22/Feb/2015 10:43:52 AM
India’s gold import during last February (2014) was 26 tons. As per the central government restrictions, 20% of the gold imported must be exported back in the form of jewellery. However, this restriction was withdrawn by the Reserve Bank of India during last November.
Yet, the gold import during December was below expected levels. During January, the gold import was 36 tons.
Meanwhile, the restriction on importing gold coins, medals & medallions was removed on 19th February.
With the wedding seasons slated to start in March, gold import during February is expected to increase to 40 tons as per a company’s estimation.
Post your requirement - We will connect with the right vendor or service provider
