India

India is the world’s largest consumer of gold . . . .

Gold exports from Switzerland totaled 170 mt (metric tons) in May, up 39% from 122 mt in April, Swiss federal customs data showed Thursday . . . .

India’s gold traders stocked up anticipating a higher Goods and Services Tax (GST), pushing up imports of the precious metal & widening the country’s trade deficit to 30-month high in May . . . .

India, which vies with China as the world’s top consumer of bullion, is working on new policies to improve transparency and help expand its $19 billion gold jewelry industry, according to people with knowledge of the matter . . . .

Indian gold imports during April has increased drastically to 75 tons, which is about twice the increase when compared to year ago period . . . .

Gold imports by India, the world’s biggest market after China, jumped to the highest level since 2014 . . . .

Sentiment has turned up in the gold market the last few weeks. And new data from the world’s top consuming center — India — shows there may indeed be cause for optimism amongst bullion buyers . . . .

Gold imports by India are said to have jumped almost seven-fold in March from a year earlier as jewelers stocked up anticipating a . . . .

In India, the affinity for gold is deeply rooted in centuries-old tradition and its popularity as an investment. Gold is considered as auspicious, a harbinger of prosperity and a perfect adornment for any celebratory occasion . . . .

Can Western gold investing rely on China + India to put a floor under 2017 prices . . . .