Indian gold bullion imports hit 17-month high

In accordance with the latest official trade data, the gold bullion imports by India's Northern state of Gujarat touched highest levels in seventeen months during the month of October 2014, primarily on account of recent relaxations in gold import norms and the sharp decline in international gold prices.

As per trade figures released yesterday, the total gold imports during the month of October totaled 24.07 metric tons (MT).

[Indian gold bullion imports hit 17-month high |http://www.resourceinvestor.com/2014/11/04/indian-gold-bullion-imports-hit-17-month-high|en|Indian gold bullion imports hit 17-month high]