Silver imports have risen sharply in Gujarat in the last one week as consumers are splurging on precious metals after their prices nose-dived in the international market, say industry sources. 因貴金屬價格在国际市場走弱後消費者捨得花錢購買貴金屬, 上星期印度白銀入口增加。
Bullion imports were at their highest in over a year in the state with nearly 20 tonnes of silver and nine tonnes of gold coming into the country, customs department officials said.
“Silver and gold imports have seen a sharp rise in the last one week after a long time in Gujarat. The quantity of silver imported is huge this time, due to some international and some national factors, including fluctuation in the (international) prices,” said Kartik Pancholi, a superintendent in the custom department handling gold/silver imports.
The imports peaked after the price of imported silver dipped from Rs 22,000 to Rs 17,000 per kg, mainly due to some steadiness in international rates, supply from mines and stocking of the metal by the government of India, he said.
“The import of silver was also hit because the government had last year stocked huge quantity of silver and began selling at a lower rate and prompted a buying spree among consumers, both in bar and jewellery form. Leading traders and jewellers in the city say that about 30 per cent of their clients have been making flash purchases of bullion in the past one year with the purpose of investment.
“Requirement of silver, both in the form of bullion and jewellery has risen. Buying silver in bulk as investment and for resale when prices go up has also been a trend among our clients for some time now,” Bansibhai, a leading jeweller said. |