Gold Imports To India Expected to Decline 20%

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.

Click here to read the full Reuters report.