India’s 2013 Silver Imports Up 180 Percent

Mineweb reported that in 2013, India imported about 5,500 tonnes of silver, up 180 percent from 2012 and a new record.

As quoted in the market news:

As of 2012, India had brought in 1,900.39 tonnes of silver. This was however, a massive drop from the 4,087 tonnes of silver imported in 2011.

In 2009, India imported just 1,284 tonnes of silver, which then shot up to 3,029 tonnes the next year.

India’s 2013 silver imports are similar to those back in 2008 when India imported around 5,048.02 tonnes, recent data shows.

Click here to read the full Mineweb report.