India poised for gold scrap supply surge as import curbs bite

Aug 21 2013, 13:52 IST
Comments 0
Government moves to curb bullion imports has led to a jump in premiums on fast shrinking supplies. Government moves to curb bullion imports has led to a jump in premiums on fast shrinking supplies.
SummaryRising incentives could help mobilise sales of an estimated 20,000 tonnes stored in Indian households.

to 10 percent.

"As gold prices have surged we expect good quantities to come in at current levels. People might sell out at these levels, and cover up at a later stage, when the rates come down," Harmesh Arora said.

Single Page Format
Ads by Google

More from Commodities

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...