The imports of Gold imports dipped by 50 per cent in June as compared to the same period last year on account of the slowing demand amid a rise in prices. The imports of gold in June 2009 stand at 12 tonnes as against 24 tonnes in the same month last year, according to the data provided by the Bombay Bullion Association.
The demand for gold declined as the prices hovered high between between Rs 14,500 to Rs 15,000 per 10 grams level in the domestic markets, Bombay Bullion Association President Suresh Hundia said. The imports of gold in May stand at 17.8 tonnes.
The imports of Gold have been sluggish so far this year and was at 51.6 tonnes during the period between January-June 2009 as compared to 139 tonnes in the same period last year, the data stated. In January, only 1.8 tonnes of gold was imported however no imports was reported during February and March on account of lack of demand following high gold prices, which were ruling over Rs 15,000 per 10 grams level then.
The demand for gold declined as the prices hovered high between between Rs 14,500 to Rs 15,000 per 10 grams level in the domestic markets, Bombay Bullion Association President Suresh Hundia said. The imports of gold in May stand at 17.8 tonnes.
The imports of Gold have been sluggish so far this year and was at 51.6 tonnes during the period between January-June 2009 as compared to 139 tonnes in the same period last year, the data stated. In January, only 1.8 tonnes of gold was imported however no imports was reported during February and March on account of lack of demand following high gold prices, which were ruling over Rs 15,000 per 10 grams level then.
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