Q4 Gold Imports to India Drop

CNBC News reported that India’s gold imports fell significantly in fourth quarter 2011, to 125 metric tons.

As quoted in the market news:

The October-December quarter covers the peak festival and wedding season, when Indians traditionally splurge on gold jewelry and investments. It is rare for gold demand in the last quarter to remain below third quarter consumption.

Click here to read the full CNBC News report.