Indians plow 2.95 tonnes of gold into banks
By GCRU Gold News on Monday, August 1 2016, 01:44 - Permalink
The Indian government's plan to incent households to hand their gold over to banks in return for interest payments appears to be working.
Gold imports have all but imploded with shipments dropping to to just 130 tonnes year to date. At this rate annual imports could be the lowest in at least two decades.