Silver – In 2013, India imported a record 5,478 MT of silver. However, word is that the country will not be able to sustain that demand in 2014.
Articles Tagged "india"
Silver – Mineweb said Thursday that France's Societe Generale SA (EPA:GLE) believes India's silver imports are likely to decline in 2014, reversing the strong demand displayed by the country in 2013.
Gold – The Wall Street Journal reported yesterday that before the end of the month, India will likely reduce its gold import tax to between 6 and 8 percent. Currently, the tax sits at 10 percent.
Gold – Demand for gold jewelry, bars and coins hit a record high last year, according to the World Gold Council's latest Gold Demand Trends report. The report also confirms that last year Chinese gold demand surpassed that of India for the first time.
Iron – The Times of India reported that today, the Indian government plans to e-auction 5 million tonnes of iron ore. Eleven mining companies have said they will participate in the sale.
Gold – Figures released by the China Gold Council and Thomson Reuters GFMS have analysts wondering if China managed to overtake India as the world's biggest gold consumer in 2013.
Gold – Xinhuanet reported that according to data from the China Gold Association, China's gold consumption came to 1,176.4 tonnes in 2013 — that's a 41.36-percent increase from the previous year.
Gold – Reuters reported that J.D. Seelam, a junior finance minister in India, said that the country has no plans to lower its gold import tax, at least at the moment.
Coal – The Economic Times reported that India's hearings regarding the future of 218 coal blocks given to companies for captive use are over. However, as yet no one knows whether the "allegedly flawed" allocation process will result in all the blocks being taken back or only some.
Silver – Many analysts see silver staying steady at around $21 per ounce in 2014, but others believe a number of factors may push the white metal up.