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To: goldsnow who wrote (36229)7/1/1999 3:19:00 AM
From: Alex  Read Replies (1) | Respond to of 116972
 
6/30/99 - GOLD IMPORTS TO INDIA TO PICK UP IN NEXT FEW MONTHS

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KOCHI (SOUTH INDIA), Jul 01, 1999 (Asia Pulse via COMTEX) -- Gold imports to India, which came down to 192 tonnes in the first quarter of the current fiscal as against 252 tonnes in the corresponding period in 1998-99, are expected to pick up in the next few months.

According to K Shivram, manager (south) World Gold Council (WGC), the slump in gold imports is mainly due to the price fall triggered by the Bank of England"s decision to sell out over 300 tonnes of its gold reserves.

(PTI)

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(C) 1999 Asia Pulse Pte Ltd