India Gold Imports Are Zero, Zip, Nada for February
Submitted by Maitski on Tue, 03/31/2009 - 21:16
"MUMBAI: India’s gold imports are continuing to get hit by the global economic crisis. For a second month in row, India imported virtually no gold, even though the country is the world’s largest consumer of the yellow metal.
In February, there was no gold import at all, while it stood at 21 tonnes in March 2008 and at 23 tonnes in February last year.
In the last eight years from 2000, gold imports to India every year have been between 400-800 tons. But trade bodies have warned that gold imports this year could collapse to 100 tons, if the current trend continues."
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http://www.commodityonline.com/news/Indias-gold-imports-plun...
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