Well, something doesn’t add up. Meanwhile, in India, gold imports have gone to literally zero. They are the largest purchaser...
Gold, diamond sales crash by 40% in Russia
http://www.commodityonline.com/news/Gold-diamond-sales-crash-by-40-in-Russia-14894-3-1.html
1/3 of India’s gold is coming from scrap, and at the high prices of today, gold sales have plunged in India, gold has priced itself out of that market, it’s the same story in Dubai gold sales crashed there as well.