Here Are The Final Numbers On A Terrible Year For Gold In India
By GCRU Gold News on Tuesday, January 10 2017, 03:05 - Permalink
Local press quoted familiar persons as saying that India closed out 2016 with a very weak December gold market. During that month, shipments into the country reportedly dropped by 46% — totalling just 56.9 tonnes, as compared to the 106 tonnes Indian buyers brought in during December 2015.
That brought calculated imports for the past year to a grand total of 570.8 tonnes. Marking a 44% decline from import levels seen for 2015.