India’s MMTC to Import 12% More Gold, 30% More Silver

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.

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