Silver Imports to India Expected to Fall

Reuters reported that India’s silver imports could fall up to 27% in 2012.

As quoted in the market news:

The federal government, in its annual budget in March, kept the import duty on silver unchanged at 5 percent on value. It abolished the excise duty on silver, often considered as poor man’s gold. Silver prices have risen 112 percent since 2009.

Click here to read the full Reuters report.