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Indian Gold, Silver Imports Rise 89.7 Percent in May, Despite Government Restrictions
Jun. 17, 2013 09:01AM PST
Silver InvestingMineweb reported that, despite the Indian government’s attempt to curb gold and silver imports, they still rose by 89.7% to $8.3 billion in May 2013.
As quoted in the market report:
Mineweb reported that, despite the Indian government’s attempt to curb gold and silver imports, they still rose by 89.7% to $8.3 billion in May 2013.
As quoted in the market report:
While this is less than the 138% year-on-year growth experienced in April, India’s Commerce Secretary S R Rao, addressing a media briefing, said the continued increase in bullion imports had brought about a jump in India’s trade deficit to $20.14 billion in May, from $17.8 billion in April.