India catches gold fever, imports set for big leap

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MUMBAI: India's gold imports, which had already exceeded 2009 levels, is likely to cross the 750-tonne mark this year due to increasing consumer demand for jewellery despite soaring prices, the World Gold Council (WGC) has said.

"Going by the trend, its good to estimate that the gold imports would cross the 750-tonne mark this year, a level earlier achieved in 2007. We have already crossed last year's total imports by almost 100 tonnes in the third quarter to reach 624 tonnes," WGC Managing Director, Middle East and India, Ajay Mitra told reporters here today.

In 2009, the total imports stood at 559 tonnes. He was talking to reporters after releasing a report on gold demand trends in Q3, 2010.

In Q3 2010, India, the world's largest consumer of the yellow metal, has bought 214 tonnes of gold compared to 176 tonnes in the same quarter in 2009.

Gold jewellery demand in India in the July-September quarter surged 36 per cent to 184.5 tonnes from 135.2 tonnes in the corresponding period last year, the report said.

The total gold demand rose 79 per cent to 650.4 tonnes in the January-September period compared to 363 tonnes in the same period in 2009, indicating a robust demand, Mitra said.

"We expect this phenomenon to continue. With the wedding season coming up and two months still remaining until the end of 2010, we anticipate that Indian gold will continue to reach greater heights," he said.

[keko__keka]

mana local gold production entha benzu  sCo_hmmthink sCo_hmmthink sCo_hmmthink

[bujjama]

sCo_hmmthink sCo_hmmthink

[Deletedid1]

[quote author=keko__keka link=topic=121909.msg1335987#msg1335987 date=1290013317]
mana local gold production entha benzu  sCo_hmmthink sCo_hmmthink sCo_hmmthink
[/quote]

51st place with 2363 KGs per yr

[kingmakers]

[quote author=BENZBABU link=topic=121909.msg1336004#msg1336004 date=1290013551]
51st place with 2363 KGs per yr
[/quote]

usage lo top 10 lo unnamaa??????????

[jai thuss]

benzu baaaaaaaaaaaa  Dr@w@ Dr@[email protected] ey airforce gurinchoo....leka cars gurincho vesthaavanukunte ee saari endi verity ga try sesaaav sCo_hmmthink

[kingmakers]

[quote author=jai thuss link=topic=121909.msg1336014#msg1336014 date=1290013653]
benzu baaaaaaaaaaaa  Dr@w@ Dr@[email protected] ey airforce gurinchoo....leka cars gurincho vesthaavanukunte ee saari endi verity ga try sesaaav sCo_hmmthink
[/quote]

Jai Thuss  [img]http://www.gifsoup.com/view2/1196036/aasa-o.gif[/img]

[Deletedid1]

[quote author=KINGMAKERS link=topic=121909.msg1336011#msg1336011 date=1290013627]
usage lo top 10 lo unnamaa??????????
[/quote]

India is the world's largest single consumer of gold, as Indians buy about 25% of the world's gold,[56] purchasing approximately 800 tonnes of gold every year, mostly for jewelry. India is also the largest importer gold; in 2008, India imported around 400 tonnes of gold.[

[keko__keka]

[quote author=BENZBABU link=topic=121909.msg1336004#msg1336004 date=1290013551]
51st place with 2363 KGs per yr
[/quote]

sana gold importing  annamata  sFun_duh sFun_duh

[jai thuss]

[quote author=KINGMAKERS link=topic=121909.msg1336019#msg1336019 date=1290013686]
Jai Thuss  [img]http://www.gifsoup.com/view2/1196036/aasa-o.gif[/img]
[/quote]

aahaa ..podduunne mee aaseerwadhalu pondhaanu.......dhanyudini [img width=176 height=144]http://www.pics.manabalayya.com/pictures/9ed561046f6ce6d67abe3cf2cff4bf5c.gif[/img]

[Deletedid1]

[quote author=keko__keka link=topic=121909.msg1336042#msg1336042 date=1290014113]
sana gold importing  annamata  sFun_duh sFun_duh
[/quote]

1970s lo K.L rao gaaru anukuntaa oka maata seppadu...................... India lo unna jwelery anta govt ki ichi  daanini correct ga vadite 2 yrs lo aakali chavulu lekunda chyochu ani

[kingmakers]

[quote author=BENZBABU link=topic=121909.msg1336053#msg1336053 date=1290014252]
1970s lo K.L rao gaaru anukuntaa oka maata seppadu...................... India lo unna jwelery anta govt ki ichi  daanini correct ga vadite 2 yrs lo aakali chavulu lekunda chyochu ani
[/quote]


enduku ivali manam... bongulodhi mana leaders adhi kuda dobestaruu vedavalu 

[Deletedid1]

[quote author=KINGMAKERS link=topic=121909.msg1336058#msg1336058 date=1290014337]

enduku ivali manam... bongulodhi mana leaders adhi kuda dobestaruu vedavalu
[/quote]

anduke anna kada baa..............correct ga vadite ani............

[jai thuss]

[quote author=BENZBABU link=topic=121909.msg1336053#msg1336053 date=1290014252]
1970s lo K.L rao gaaru anukuntaa oka maata seppadu...................... India lo unna jwelery anta govt ki ichi  daanini correct ga vadite 2 yrs lo aakali chavulu lekunda chyochu ani
[/quote]

nannu fattinchukokundaa thiruguhunnavaaa.......................i hurted [img]http://www.picasion.com/pic16/cf286c38cc0746bc660fca2493cb1f57.gif[/img]

[kingmakers]

[quote author=jai thuss link=topic=121909.msg1336046#msg1336046 date=1290014132]
aahaa ..podduunne mee aaseerwadhalu pondhaanu.......dhanyudini [img]http://www.pics.manabalayya.com/pictures/9ed561046f6ce6d67abe3cf2cff4bf5c.gif[/img]
[/quote] [img width=320 height=240]http://www.gifsoup.com/view2/1196036/aasa-o.gif[/img]