India Gold Imports to Top 2009 as Buyers Accept Record Prices
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Gold imports by India this year may exceed 2009’s level as near-record prices fail to deter buyers and festivals drive demand in the world’s biggest consumer of bullion, according to the National Spot Exchange Ltd.
Purchases may total 600 tons to 625 metric tons, compared with an estimated 480 tons to 485 tons bought last year, Anjani Sinha, chief executive officer of the nation’s biggest bourse for trading physical gold, said in an interview today in Goa, where he is scheduled to speak at an industry conference.