Gold imports hit historic low in Dec at 3 tonnes

Due the high price of the precious metal, the import of Gold has been declined. In December 2008, the import stood at three tonnes against 16 tonnes of import during December 2007, according to media reports.

There is also low demand for the gold and off season in India. India has imported 98 tonnes of gold in August 2008, while 54 tonnes of gold imported in the month of September this year. However, the gold demand would increase in India after January 15 and during the marriage seasons.