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India gold trade sees 2011 imports easing from record

India gold trade sees 2011 imports easing from record

August 20, 2011 / 11:50 PM IST

By Siddesh Mayenkar


KOVALAM, India (Reuters) - Gold imports from India, the world's largest consumer of bullion, are likely to ease to 825 tonnes in 2011, down 12 percent from last year's record of 958 tonnes, a Reuters poll of 12 importing banks, and traders


showed.


At a conference in Kovalam in southern state of Kerala, gold market participants gathered to assess the impact of record high prices on gold imports.


The lowest imports was estimated at 500 tonnes by a private importing bank in Mumbai and the highest was estimated at 1,000 tonnes by the Bombay Bullion Association and Kolkalta-based wholesaler JJ Gold House.

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(Reporting by Siddesh Mayenkar; editing by James Jukwey)

Tags: #Wire News
first published: Aug 20, 2011 11:50 pm

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