MUMBAI: India's gold imports for 2010 may rebound to 550 tonnes as prices stabilise and the economy revives, a senior official at a trade body told Reuters in an interview on Wednesday.
"Prices are stabilising at 16,000 rupees (per 10 grams) levels, and the pick-up in demand is reflecting on the import data as well... so we expect a big pick-up in demand in 2010," said Anjani Sinha, president of Indian Bullion Market Association (IBMA), which represents about 10,000 jewellers across India. "We may end up importing about 550 tonnes."
Source : The Economic Times