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Mineweb reported that India wants to increase gold and silver imports to meet higher demand.
Mineweb reported that India wants to increase gold and silver imports to meet higher demand.
The market news is quoted as saying:
The state-run trading company called Minerals and Metals Trading Corporation (MMTC), expects to import around 275 tonnes of gold in 2011-12, as compared to the 245 tonnes that it brought in a year ago. As for silver, imports are expected to jump by around 30% to 1,200 plus tonnes during the same period.