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India 2009 gold imports 300-350 T - trade body.


Date: 05-01-2010
Subject: India 2009 gold imports 300-350 T - trade body

NEW DELHI, Jan 4 ,India imported 300-350 tonnes of gold in 2009, higher that the previous estimate of a little over 200 tonnes, the head of the Bombay Bullion Association said on Monday.

Suresh Hundia said the trade body had also revised its estimate of imports in 2008 to 439 tonnes from 420 tonnes.

"Figures of export houses had to be revised  Data for eight months had to be revised," he said.

Hundia said the estimate changed significantly because data from several large trading houses, which were allowed to import gold in early 2009, was not available earlier.

On Jan. 1, Hundia said India imported "a little over 200 tonnes" in 2009.

Source : REUTERS


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