SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: lorne who wrote (63831)2/16/2001 11:15:42 AM
From: robingrayson  Respond to of 116782
 
India's 1,107 tons of gold imports - UNofficial gold UP 58 tons, OFFICIAL gold DOWN 40 tons in 1999.

So the gold demand surge in India is from smuggled gold, damaging the market of official producers!

QUOTE:
However, robust economic growth and an increase in imports from unofficial channels helped to sustain demand.
"Thus, while official imports declined from 573.8 tonnes in 1999 to 533.7 tonnes last year, despite surging from 98.4 tonnes to 152.4 tonnes in Q4 respectively, other imports rose from 107 tonnes to 165.5 tonnes," claims the council

Thanks for the info

Robin Grayson
General Director
Eco-Minex International Co Ltd
emiweb@magicnet.mn