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Indian Silver Imports Set Record in 2022
India’s love for gold is well-known. It is the second largest gold-consuming country in the world behind China. But Indians also have an affinity for silver. Last year, silver imports into India hit a new record of 304 million ounces. That crushed the previous import high of 260 million ounces set in 2015. More than half of the silver flowing into India is used in jewelry and silverware, and about one-third of India’s silver demand comes from investors in physical metal including silver bars and silver coins. According to a report published by the Silver Institute, since 2010, Indian retail investors have bought ... (full story)
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- Posted: Jan 24, 2023 9:32pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 87
