• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    gold investing

    India’s November Gold, Silver Imports Strong

    Charlotte McLeod
    Dec. 22, 2014 12:05PM PST
    Precious Metals

    BullionStar’s Koos Jansen reported that in November, India brought in 1,254 tonnes of silver, which is a record in terms of the data he holds.

    BullionStar’s Koos Jansen reported that in November, India brought in 1,254 tonnes of silver, which is a record in terms of the data he holds. Year-to-date the country has imported a total of 6,789 tonnes of the white metal, a 28-percent increase from the year-ago period.

    Gold imports were also strong. Jansen states:

    According to the DGCIS provisional estimates India imported 148 tonnes of gold, year to date India has imported 745 tonnes, down 3 % y/y.

    In 2013 the import duty on gold was raised from 4 % to 10 % and the 80/20 rule was implemented – the latter required all importers to re-export 20 % of all gold imported. On November 28, 2014, the 80/20 rule was suspended, nevertheless India imported the largest amount of gold in November since May 2013.

    Click here to read the full BullionStar report.

    indiagold investing
    The Conversation (0)

    Go Deeper

    AI Powered
    A women wearing a gold necklace and earrings.

    Record Gold Price Poses Obstacle for Indian Wedding Traditions

    Gold Mining in India

    Gold Mining in India

    Latest News

    Finlay Minerals Announces Closing of Non-Brokered Private Placement of Flow-Through and Non-Flow-Through Units

    FALCO ANNOUNCES CLOSING OF BOUGHT DEAL PRIVATE PLACEMENT

    Heliostar Presents Stronger Economics at the La Colorada Mine in Updated Technical Report

    Apollo Files NI 43-101 Technical Report for the Calico Silver Project Updated Mineral Resource Estimate

    Prince Silver Corp Announces Listing on the Frankfurt Stock Exchange Under the Symbol T130

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
      • Electric Vehicles
    • Agriculture
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Energy
      • Uranium
      • Oil and Gas
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Robotics
      • Crypto
      • Cleantech
    Life Science
      • Biotech
      • Cannabis
      • Pharmaceuticals

    Featured Precious Metals Stocks

    JZR Gold

    JZR:CA

    Blue Jay Gold

    Providence Gold Mines

    PHD:CC

    Walker Lane Resources

    WLR:CC

    Rua Gold

    RUA:CC

    Golconda Gold

    GG:CC
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES