India to Extend Gold Import Restrictions

The International Business Times reported that major gold consumer, India plans to extend restrictions on gold imports.

As quoted in the market report:

In May, India imported 162 tonnes of gold, more than what the industry expected. But then, Mr Chidambaram told reporters that India “cannot afford 162 tonnnes of gold imports a month.We will have to check this,” he said.

To view the whole International Business Times report, click here.