5
January
Gold Imports by India May Increase This Year on Rising Investment Demand
5 January 2011 Bloomberg.com
Gold imports by India, the biggest consumer, may climb this year as record prices fail to deter buyers and investors seek a hedge against inflation, according to broker Nirmal Bang Commodities Pvt.
Imports may total 770 tons to 810 metric tons, up from 700 tons to 720 tons in 2010, said Kunal Shah, head of commodities research at the brokerage. Imports last year were about 700 tons, the Bombay Bullion Association said Jan. 3.
