MUMBAI, May 29 (Reuters) - India's gold imports so far in May have been in the range of 10 to 15 tonnes, lower than 29 tonnes imported in all of May of 2008 as high prices have subdued buyers' appetites, a trade body head said on Friday.
"Prices went up this month, so imports have fallen," said Suresh Hundia, president of the Bombay Bullion Association.
"If prices go any higher, imports will stop and scrap selling will start."
At 1034 GMT, gold on the Multi Commodity Exchange of India MAUc1 traded at 14,840 rupees ($313.6) per 10 grams, up 0.87 percent from a day ago.
Source : REUTERS INDIA