The astronomical rise in silver prices lately is expected to curb silver imports into India. | Though it may not be substantial as the industrial demand unlikely to abate, the demand from silver artifacts, jewellery and utensils will be hit. |
| Gold Field Mineral Services, the global consultant, in its interim report for silver 2003, has estimated a decline by about 8 per cent. |
| According to the report, the consensus among silver fabricators is that demand will be down year-on-year. Retailers also report that offtakes have been held back due to more volatile (and periodically higher) prices. |
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