India Continues to Play a Significant Role in the Global Silver Market
By GCRU Gold News on Thursday, September 28 2017, 00:14 - Permalink
India consumed 160.6 million ounces (Moz) of silver in 2016, accounting for 16 percent of global silver demand. The country’s dependence on imported metal means that changes in Indian offtake can impact countries that supply bullion to India. Between 2010-16, India imported an impressive 990 million ounces of refined silver to meet its needs.