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Reuters reported that India’s gold imports may drop 20% in 2012 as traders seek other investments.
Reuters reported that India’s gold imports may drop 20% in 2012 as traders seek other investments.
As quoted in the market news:
Given the improved economic sentiment, helped by an easing of inflation and a recovery in the Indian rupee, a government panel has also estimated gold imports to fall by 35 percent by value to $38 billion in the year to March 2013.