India Gold Imports Dropping

Bloomberg reported that imports of gold to India have fallen and China may become the biggest consumer of the metal.

As quoted in the market news:

Purchases may drop 7 percent to 900 metric tons this year, according to the median estimate in a Bloomberg News survey of eight analysts, brokers and jewelers including Rajesh Exports Ltd. (RJEX), the biggest gold-jewelry exporter.

Click here to read the full Bloomberg report.