SMM App
AndroidiOS
Holiday Pricing ScheduleFREE TRIALCompliance Centre
gloablLanguage:  language-iconlanguage-iconlanguage-iconlanguage-iconlanguage-icon
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceFinished SteelCokeCoalPig IronSilicon Steel
New Energy
New Energy
SolarLithiumCobaltLithium Battery Cathode Precursor and MaterialAnode MaterialsArtificial GraphiteDiaphragmElectrolyteOther MaterialsChemical CompoundLithium-ion BatteryUsed Lithium-ion BatterySodium-ion BatteryHydrogen EnergyEnergy Storage
Price CenterDatabaseProReportsEventsCar Insight
Home / Metal News / Indian Gold imports decline drastically to 926 tons in FY 2016

Indian Gold imports decline drastically to 926 tons in FY 2016

iconApr 14, 2016 14:28
Source:SMM
Indian gold imports has declined drastically by 16% year-on-year to 926 tons during the fiscal year 2015-16.

INDIA April 14 2016 11:25 AM

MUMBAI (Scrap Register): Indian gold imports has declined drastically by 16% year-on-year to 926 tons during the fiscal year 2015-16 as higher prices and jewellers' strike curbed demand in the previous quarter, reported news agency NewsRise Financial.

The world's second biggest consumer imports in March slumped to 18 tons from 125 tons in the previous year, the agency said quoting provisional data provided by a finance ministry official. 

Indian jewellers went on an indefinite strike from March to protest the reintroduction of excise duty on gold jewellery after four years. 

The strike and higher prices are believed to have cut India's demand for gold in March quarter by about two-thirds from a year ago to its lowest in seven years.


India gold imports
gold prices

For queries, please contact William Gu at williamgu@smm.cn

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

Related news
    timeJan 20, 2023 12:11
    timeJan 20, 2023 11:46
    timeJan 20, 2023 11:23
    timeJan 19, 2023 19:05
    timeJan 20, 2023 10:45
    timeJan 20, 2023 09:36
    timeJan 20, 2023 09:34
    timeJan 20, 2023 08:44
    timeJan 20, 2023 08:36
    timeJan 20, 2023 09:39

SMM Events & Webinars

All
MOST POPULAR
1.Research On The Supply Chain Of Aluminum Anti-collision Beams For Automobiles
2.Aluminum Wire Supplier Screening
3.Cost Analysis Of AL Extrusion For Target Units
4.Research On The Sustainable Development Layout Of Key Players(Foil, Roll, Plate)
5.Optimization Of Purchasing Cost For Casting Alloys
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday 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.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.