Gold Smuggling
September 5, 2012 4 Comments
Here is a fact I came a cross about a week ago.If you are trying to decide which way the price of gold will move short term, remember this fact.India’s official gold purchases might be down but consumption has probably not reduced as much as many pundits are positing, despite the high prices in Rupee terms.Mumbai gold prices are about Rs 1,500 per 10 grams higher than international prices
About Keerthika Singaravel
nice post,thanks
You’re welcome
Wow, I had no idea gold smuggling was becoming so huge! This is definitely a trend to keep an eye on as gold prices change moving forward.
Yes.Most Definitely.