India targets temple gold hoard to rescue monetisation plan
By GCRU Gold News on Thursday, December 3 2015, 22:52 - Permalink
India is trying to persuade rich temples to deposit some of their gold hoards with banks to revive a plan to recycle tonnes of the precious metal and cut gold imports, sources said.
India is the world's second biggest consumer of gold after China and the country's insatiable appetite meant imports of the precious metal accounted for 28 percent of India's trade deficit in the year ending March 2013.