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India's February silver imports hit record and set to rise 66% this year
From Reuters
via The Times of India, Mumbai
Monday, April 8, 2024
India's silver imports surged by 260% in February to a record high, as lower duties encouraged large purchases from the United Arab Emirates, government and industry officials told Reuters, adding they were on track to increase by 66% this year.
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Higher demand in India, the world's biggest silver consumer, could support global prices trading near their highest in three years.
India imported a record 2,295 metric tons of silver in February, up from 637 tons in January, said a government official who declined to be named as he was not authorised to talk to the media. ...
... For the remainder of the report:
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