Gold imports at 16-month high
By GCRU Gold News on Friday, October 3 2014, 13:46 - Permalink
The festive season rejuvenated the otherwise dull business of the Pitrupaksh period last month as the state saw its highest gold imports in the last 16 months in September - over 20 metric tonnes (MT). A relaxation in import curbs by the NDA government, fall in international gold prices and high demand have led to record imports in the state. For the second month, gold imports crossed double-digits since June last year when restrictions on gold imports were imposed by the Central government.