You are here

Silver glut swamps India as prices surge

Slowdown in Indian demand contrasts with the global market as investors pile into silver-backed exchange-traded funds, pushing up assets 8% since the start of January

25170471.4 (39105392) - 17_07_2016 - silver.jpg
Silver imports by India are set to plunge from last year's record as jewellers grapple with slowing demand and excessive inventories after domestic prices climbed to the highest levels since 2013.

Mumbai

SILVER imports by India are set to plunge from last year's record as jewellers grapple with slowing demand and excessive inventories after domestic prices climbed to the highest levels since 2013.

Overseas purchases probably slumped by about 40 per cent from a year earlier

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom