India 2010 Gold Imports Likely Up 46% on Rural Demand‎

6 December 2010  Wall Street Journal

Wall Street Journal

India's gold imports this year are likely to reach 700 metric tons, about 46% more than in 2009, as higher farm output and prices encouraged farmers to invest in the yellow metal and boosted local consumption, the president of the Bombay Bullion Association said Friday.

http://online.wsj.com/article/SB10001424052748703989004575652373890307644.html