Posted on 01/06/2010 7:59:17 AM PST by blam
India 2009 Gold Imports 300-350 Tons - Trade Body
Mon Jan 4, 2010 8:23am
NEW DELHI, Jan 4 (Reuters) - India imported 300-350 tonnes of gold in 2009, higher that the previous estimate of a little over 200 tonnes, the head of the Bombay Bullion Association said on Monday.
Suresh Hundia said the trade body had also revised its estimate of imports in 2008 to 439 tonnes from 420 tonnes.
"Figures of export houses had to be revised ... Data for eight months had to be revised," he said.
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(Excerpt) Read more at reuters.com ...
So how is this affecting the gold market today ?
If nothing else, now there’s that much less gold “outstanding” in the world market for the central banks to play games with.
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