 "gold, jewellery")
Gold imports have picked up pace in 2017, after several dull months.
After 50 tonnes in January, February saw 80 tonnes of import; demand has continued in March, keeping jewellers busy. The industry estimate is 200 tonnes in the year’s first quarter.
The December quarter saw import of 214 tonnes, mostly because of high demand during Diwali and the post-demonetisation period.
Shekhar Bhandari, senior executive vice-president at Kotak Mahindra Bank, said: “Demand for gold has picked up. With a falling dollar index and a rising US gold price, the price in India has become attractive with an
After 50 tonnes in January, February saw 80 tonnes of import; demand has continued in March, keeping jewellers busy. The industry estimate is 200 tonnes in the year’s first quarter.
The December quarter saw import of 214 tonnes, mostly because of high demand during Diwali and the post-demonetisation period.
Shekhar Bhandari, senior executive vice-president at Kotak Mahindra Bank, said: “Demand for gold has picked up. With a falling dollar index and a rising US gold price, the price in India has become attractive with an
