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Jorge Ramiro - IIGC 2014
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Data given by Swiss Federal Customs Administration shows that Switzerland exported 72 tons of gold to India in March, while total import of India stood at 111 tons. During Akshaya Tritiya, the auspicious day of buying gold for well-being of household, jewellery sales increased between 15-20% across the country, compared to last year. Jewelers opined that low price of the metal, around 10% (Rs 26,800 per ten grams as compared with Rs 30,200 per ten grams in the year-ago in Mumbai) lower than last year, has contributed to rise in sales. Sales of jewellery might have increased on advance buying for coming marriage season, too. However, investment coins and bar sales were dropped by 20 to 25% on the day compared to last year.
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