You are here
India's gold imports increase by 23% to $34.6 billion in 2020-21
From the Press Trust of India
via The Times of India, Mumbai
Sunday, April 18, 2021
NEW DELHI -- Gold imports, which have a bearing on the country's current account deficit, rose by 22.58 per cent to US$34.6 billion (about Rs 2.54 lakh crore) during 2020-21 due to increased domestic demand, according to the Commerce Ministry data.
... Dispatch continues below ...
ADVERTISEMENT
Production Due Soon from VanGold Mining
in Silver and Gold District in Central Mexico
James Anderson, chairman and CEO of VanGold Mining (VGLD.V; VGLDF; vangoldmining.com), joins Austin and Andrew O'Donnell of Stock Talk / Supercharged Stocks to discuss the company's imminent production at its silver and gold properties in a historic mining district in central Mexico.
VanGold Mining recently acquired the El Cubo mine and mill from Endeavor Silver, where mining has been underway for 500 years and where three Canadian mining companies are already active, along with silver behemoth Fresnillo PLC.
Anderson's interview is 28 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=ooLnyVIfhls&t=35s
Silver imports during the last fiscal, however, dipped by 71 percent to about US$791 million. Imports of the yellow metal stood at US$28.23 billion (about Rs 2 lakh crore) in 2019-20, the data showed.
Despite growth in gold imports, the country's trade deficit narrowed to US$98.56 billion during 2020-21 as against US$161.3 billion in 2019-20.
Gem and Jewellery Export Promotion Council Chairman Colin Shah said that increasing domestic demand is pushing up imports of gold. ...
... For the remainder of the report:
https://economictimes.indiatimes.com/markets/commodities/news/gold-impor...
* * *
Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at bagman1236@aol.com.
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
