Gold Imports fell in March due to sluggish demand

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Tue, Mar 31, 2009
Gold Market News
Post by Melissa Pistilli, Gold Senior Reporter

Gold imports slipped to zero for the second month in a row in March, owing to absence of demand in the domestic market.

Bombay Bullion Association Director Suresh Hundia stated:

Gold import during March is zero due to lack of demand because of high prices. Unless the prices goes down, there will be hardly any imports.

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