India permits large silver imports despite weak domestic demand
MUMBAI: India has issued permits to import around 6,500 metric tons of silver over the next six months as the world’s biggest consumer of the precious metal seeks to meet festive-season demand, four bullion dealers who received the permits told Reuters. Highe...
MUMBAI: India has issued permits to import around 6,500 metric tons of silver over the next six months as the world’s biggest consumer of the precious metal seeks to meet festive-season demand, four bullion dealers who received the permits told Reuters. Higher imports by India, which relies on overseas purchases to meet more than 80% of its silver demand, could support global prices while easing hefty domestic premi...