India's Oct gold imports to hit 9-month high on festive demand
By GCRU Gold News on Saturday, October 22 2016, 04:02 - Permalink
India's overseas purchases of gold likely hit a nine-month high in October, as a flip in domestic prices to a premium prompted banks and refiners to resume imports ahead of the festival season, industry officials told Reuters.
Jose expects India's October gold imports to reach 60-70 tonnes, the highest since January and more than double an estimated 30 tonnes in September.