India's Yearly Gold Imports Estimated at 900 to 1,000 Tonnes

Aug. 05, 2015 11:58AM PST

Business News reported that in the 2015/2016 financial year, India is likely to import 900 to 1,000 tonnes of gold. That estimate comes from the head of gold refiner MMTC-PAMP.

Business News reported that in the 2015/2016 financial year, India is likely to import 900 to 1,000 tonnes of gold. That estimate comes from the head of gold refiner MMTC-PAMP.
As quoted in the market news:

India’s July imports are expected to be between 70-75 tonnes, and its August imports more than 75 tonnes, said Rajesh Khosla, managing director of MMTC-PAMP.
MMTC-PAMP is a joint venture between the Indian government and a Swiss metals refiner.

Click here to read the full Business News report.

gold investing india joint venture