21
January
Gold Imports by India May Rise as Scrap Sales Abate
21 January 2010 Bloomberg.com
Gold imports by India, the biggest consumer, will rebound from a decline last year as sales of recycled jewelry subsides, a traders’ group said.
Purchases this year will “certainly” exceed 343 metric tons bought in 2009, Suresh Hundia, president of the Bombay Bullion Association Ltd., said in an interview. Sale of scrap may fall to between 60 tons and 100 tons, a level deemed normal, from an estimated 200 tons last year, he said.
http://www.bloomberg.com/apps/news?pid=20601091&sid=axe4Ty7_exk4
