India Gold bar imports decline sharply in April-Oct; Gold prices hit 1-week high

Nov 27, 2013 09:20

Source:SMM

The world's biggest bullion consumer India's gold bar imports declined sharply by 57.22% year-on-year to $ 2,964.97 million (INR 17,377.40 crore) during April to October this year.

INDIA November 26 2013 5:39 PM

MUMBAI (Scrap Register): The world's biggest bullion consumer India's gold bar imports declined sharply by 57.22% year-on-year to $ 2,964.97 million (INR 17,377.40 crore) during April to October this year, as per the latest figures released by the the Gems and Jewellery Export Promotion Council (GJEPC).

According to GJEPC, country has imported $6,931.36 million (INR 17,377.40 crore) worth gold bar during the same period last year.

In October alone, India's gold bar imports dropped by 50.15% year-on-year to $ 477.27 million (INR 2,940.93 crore) as compared to last year's $ 957.48 million (INR 5,076.56 crore).

Indian gold prices reached their highest level in a week on Tuesday, recovering from the previous session's lowest level in more than two weeks in line with overseas markets, with jewellers struggling to meet wedding demand in the peak season.

At 4:15 P.M, the most-active gold for December delivery on the Multi Commodity Exchange (MCX) was 0.39 percent up at 30,288 rupees per 10 grams, after hitting a high of 30,444 rupees, a level last seen on November 20.

Indian gold

India gold bar imports

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

India Gold bar imports decline sharply in April-Oct; Gold prices hit 1-week high

SMM Events & Webinars

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE