Indian Gold Imports up 205% in April.
Prelimary May data shows four fold increase in Indian gold imports.
Indian gold imports of 95 tons in April were up 205% from 31 tons in April 2016.
Indian silver imports also gained in April.
India passes 3% GST tax.
You can buy Bitcoin, Ethereum and Litecoin through Coinbase.
Click HERE to open a coin base account and get $10 worth of Bitcoin.*
Indian Gold Imports
April Indian gold imports were 94.545 tons down 10.5% from March imports of 105.61 tons, and up 205% from 31 tons imported in April 2016.
Reuters Update: “India’s gold imports in May surged fourfold from a year ago to 103 tonnes as jewellers increased purchases to replenish inventory and stock up ahead of the rollout of the Goods and Services Tax (GST), provisional data from consultancy GFMS showed.”
Bloomberg: Gold Imports by India Jump Fourfold as Tax Fear Spurred Stocking
Indian Gold Imports April 2016 – April 2017
Indian gold imports were 582 tons (approximately 18,711,734 ounces) in 2016 down 38.7% from 949 tons (approx. 30,511,058 ounces) in 2015.
Indian Annual Gold Imports 1999 – 2017
Donate To Smaulgld.com via paypal
Sign Up For Smaulgld.com Updates Here!
Please consider making a small donation to Smaulgld.com. Thanks!
Compare Pricing and Shipping on American Gold Eagle Coins
You can compare pricing and shipping charges on American Gold Eagles coins of all sizes at these web sites:
Golden Eagle Coins
Money Metals Exchange
India’s Gold Reserves
The Indian gold import charts are derived from data pulled from the Indian Ministry of Commerce and Industry, Govt. of India by Nick Laird of Sharelynx and are updated monthly and archived on Smaulgld.com. Visit Nick’s gold and silver chart festival at Sharelynx
Click to see an overview of India and Silver and a 2016 Indian silver imports .
If you have enjoyed this report, please consider sharing it, buying your precious metals through the Smaulgld affiliates linked to on this site* and subscribing (for free) to Smaulgld.com.