Financial Daily from THE HINDU group of publications
Wednesday, Dec 14, 2005
Financial Daily from THE HINDU group of publications Wednesday, Dec 14, 2005 |
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Opinion
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Letters Jewellery imports
This is with reference to the report, "Gold, silver imports by banks drop as prices rise", (Business Line, December 11): While the conclusions drawn in the report are right, I fear the figures are not. The actual imports have fallen drastically since September 1. Scotia Mocatta, ICICI Bank, MMTC, STC, PEC are big importers with a national presence. Their imports are down by almost 90 per cent since September 1. India imported about 650 tonnes in the first eight months, a figure which includes the gold imported for export of jewellery. Since September 1 India's imports were less than 30 tonnes. Very low indeed. Daman Prakash Convener, Tamil Nadu Bullion Forum Chennai
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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